JCPenney Announces Jim DePaul as Executive Vice President of Stores
30 Juli 2019 - 10:15PM
J. C. Penney Company, Inc. [NYSE: JCP] today announced that James
(Jim) DePaul, a highly accomplished field executive with nearly 25
years of retail experience, has been named executive vice president
of stores, effective August 5, reporting directly to Jill Soltau,
chief executive officer. He will be responsible for improving
in-store and omnichannel operations as part of the Company’s focus
on transforming the customer experience to grow traffic, engagement
and customer retention. Mike Robbins, executive vice president of
stores and supply chain, will be leaving the organization effective
August 3, 2019.
“I am delighted to welcome Jim to our team of
highly talented retail experts at JCPenney. His track record of
delivering a positive, end-to-end customer experience through
seamless omni-channel integration makes him a perfect choice as we
deliver on our commitment to providing an engaging and rewarding
shopping experience for our customers,” said Soltau. “I would like
to thank Mike for his service and leadership at JCPenney, and we
wish him the best.”
As executive vice president of stores at
JCPenney, DePaul will oversee the Company’s stores, store
operations, store environment and design, and asset protection
teams to deliver a fulfilling and productive customer experience.
He joins JCPenney from Shopko Stores where he served as chief
operations officer, with responsibility for stores, pharmacy,
optical, supply chain, e-commerce operations, non-merchandise
procurement, store operations, store development, loss prevention
and merchandise support. While there, he made key
improvements to customer service scores, reduced operating
expenses, and improved shrink and overall productivity.
His previous roles at Shopko include chief
administrative officer and senior vice president of stores and
operations. DePaul began his career in 1995 and spent three years
in merchandising and operations positions at Target Corporation
before joining Shopko in 1998 as a store manager.
To download a copy of this news release, and access company
information, bios and photos, please visit jcpnewsroom.com.
Media Relations:(972) 431-3400 or
jcpnews@jcp.comFollow @jcpnews on Twitter for the latest
announcements and Company information.
Investor Relations:(972) 431-5500 or
jcpinvestorrelations@jcp.com
About JCPenney:J. C. Penney Company, Inc.
(NYSE: JCP), one of the nation’s largest apparel and home
retailers, combines an expansive footprint of approximately 850
stores across the United States and Puerto Rico with a powerful
e-commerce site, jcp.com, to deliver style and value for all
hard-working American families. At every touchpoint, customers will
discover stylish merchandise at incredible value from an extensive
portfolio of private, exclusive and national brands. Reinforcing
this shopping experience is the customer service and warrior spirit
of approximately 95,000 associates across the globe, all driving
toward the Company's mission to help customers find what they love
for less time, money and effort. For additional information, please
visit jcp.com.
Forward-Looking StatementsThis release
may contain forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Words such
as "expect" and similar expressions identify forward-looking
statements, which include, but are not limited to, statements
regarding sales, cost of goods sold, selling, general and
administrative expenses, earnings and cash flows.
Forward-looking statements are based only on the Company's
current assumptions and views of future events and financial
performance. They are subject to known and unknown risks and
uncertainties, many of which are outside of the Company's control
that may cause the Company's actual results to be materially
different from planned or expected results. Those risks and
uncertainties include, but are not limited to, general economic
conditions, including inflation, recession, unemployment levels,
consumer confidence and spending patterns, credit availability and
debt levels, changes in store traffic trends, the cost of goods,
more stringent or costly payment terms and/or the decision by a
significant number of vendors not to sell us merchandise on a
timely basis or at all, trade restrictions, the ability to monetize
assets on acceptable terms, the ability to implement our strategic
plan including our omnichannel initiatives, customer acceptance of
our strategies, our ability to attract, motivate and retain key
executives and other associates, the impact of cost reduction
initiatives, our ability to generate or maintain liquidity,
implementation of new systems and platforms, changes in tariff,
freight and shipping rates, changes in the cost of fuel and other
energy and transportation costs, disruptions and congestion at
ports through which we import goods, increases in wage and benefit
costs, competition and retail industry consolidations, interest
rate fluctuations, dollar and other currency valuations, the impact
of weather conditions, risks associated with war, an act of
terrorism or pandemic, the ability of the federal government to
fund and conduct its operations, a systems failure and/or security
breach that results in the theft, transfer or unauthorized
disclosure of customer, employee or Company information, legal and
regulatory proceedings and the Company’s ability to access the debt
or equity markets on favorable terms or at all. There can be
no assurances that the Company will achieve expected results, and
actual results may be materially less than expectations. Please
refer to the Company's most recent Form 10-K for a further
discussion of risks and uncertainties. Investors should take such
risks into account and should not rely on forward-looking
statements when making investment decisions. Any
forward-looking statement made by us in this press release is based
only on information currently available to us and speaks only as of
the date on which it is made. We do not undertake to update
these forward-looking statements as of any future date.
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