JC Penney's CEO Is Leaving
  • 6 years ago
JC Penney's stock price has recently fell.
The stock dropped as much as 8% following the news
that CEO Marvin Ellison would be leaving the company for home-improvement retailer Lowe's.
Analysts say his departure could signal a lack of confidence
in JC Penney and in department stores in general.
Along with the growing move to internet retail.
Recommended