J.C. Penney Co., the department-store chain looking to rebound from its worst sales year in more than two decades, will get a boost from the opening of renovated housewares sections this month, Chief Executive Officer Mike Ullman said.
Myron Ullman has another item on his to-do list as he tries to revive J.C. Penney Co.: dealing with litigation alleging the department-store chain didn’t pay for store upgrades ordered by predecessor Ron Johnson.
J.C. Penney Co. may be subject to damages if it’s selling Martha Stewart Living Omnimedia Inc.’s plastic partyware in violation of a court order obtained by Macy’s Inc., a New York state judge said today.
Macy’s Inc. will ask a judge to expand an injunction blocking J.C. Penney Co. from selling goods designed by Martha Stewart’s company in certain categories even if they don’t carry her name or trademark.
Before Ron Johnson took the stage yesterday to unveil his revival plan for J.C. Penney Co., William Ackman, the chain’s largest shareholder, vowed it would be the most important day for retailing in 25 years.