Retail News

Penney Closing Stores; Ackman, Roth Named Directors

Reuters 01/24/2011

J.C. Penney announced that William Ackman, who leads Pershing Square Capital Management, and Steven Roth, CEO of Vornado Realty Trust, have been named to the retailer’s board of directors. The retailer also said it planned to close five under-performing stores.

MORE ON THIS STORY...

MORE RETAIL NEWS HEADLINES...

Discussions
Check out RetailWire's Engaging Online Discussions Featuring Our Exclusive Braintrust!