Where's The Sense Of Urgency For J.C. Penney And Jill Soltau? [Forbes]
JC PENNEY (JCP)
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Source: Forbes
Where's The Sense Of Urgency For J.C. Penney And Jill Soltau? Customers and suppliers—and Wall Street—continue to look for the big Penney turnaround plan. So far, there isn't one. (photo credit: Getty) Jill Soltau is making some smart moves at J.C. Penney. She is bringing on a collection of strong managers to help her run the beleaguered retailer. People like Michelle Wlazlo, John Welling, Laurene Gandolfo, Trish Adams and, announced just today, Shawn Gensch all arrive in Plano with strong credentials and proven track records for making retail work. She has cut back the store’s ill-fated major appliance initiative, although in fairness this just undoes a mistake from a prior administration and does not mark any incremental advancement, only the elimination of a negative. She has announced a focus on fashion and home furnishings, what had been two of the foundations of the old Penney business but signs of those changing priorities are hard to find on the selling floor. As part of that
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