Mike Ullman

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J.C. Penney 3Q Loss Narrows, But Sales Slow

J.C. Penney Co. narrowed its third-quarter loss but reported slower sales, a note of warning with the critical holiday shopping season coming up.

11/12/2014

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JC Penney CEO Gets 50-Percent Base Pay Raise

J.C. Penney’s reinstalled CEO Mike Ullman is poised to get a big pay increase as the department store chain shows some signs of a turnaround. J.C. Penney Co. could increase Ullman’s base salary to $1.5 million for this year, from $810,606.

03/24/2014

A sign marks the location of a JCPenney store. (credit: Getty Images/Scott Olson)

JCPenney CEO Invests $1 Million In Stock

JCPenney CEO Mike Ullman showed his faith in the struggling department store chain by buying 112,000 shares of JCPenney stock at $8.95 apiece at the end of last week.

11/26/2013

A sign marks the location of a JCPenney store. (credit: Getty Images/Scott Olson)

JCPenney Key Sales Metric Up In October

JCPenney said that a key sales barometer rose in October for the first time in nearly two years. Sales at stores open at least a year edged up 0.9 percent last month.

11/07/2013

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JCPenney Expects Ample Year-End Liquidity

JCPenney, which has faced concerns it is burning through cash, still anticipates having ample liquidity at year’s end.

10/08/2013

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JCPenney Pleased With Turnaround Efforts

JCPenney Co., whose shares have been tumbling on worries about its business, says that it is pleased with its turnaround efforts so far.

09/26/2013

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JC Penney Board Member Resigns, But Problems Remain

The boardroom drama may be over, but J.C. Penney is still grappling with an uncertain future.

08/13/2013

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Ackman Resigns From JCPenney Board

William Ackman has resigned from JCPenney’s board as part of a deal to resolve a public battle between the activist investor and the struggling department store operator.

08/13/2013

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Activist Investor Pushes For JC Penney Chairman To Go

Activist investor Bill Ackman said Friday he has lost confidence in J.C. Penney’s board and its chairman should be replaced.

08/09/2013

A sign marks the location of a JCPenney store. (credit: Getty Images/Scott Olson)

JCP Shares Up After Reports Of New CEO Search

Shares of J.C. Penney shares jumped 7 percent after a media report that the retailer is starting a new CEO search to replace Mike Ullman.

08/08/2013

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JC Penney Shares Up On George Soros Investment

Shares of beleaguered retailer J.C. Penney are up more than 6 percent in aftermarket trading on Thursday after billionaire financier George Soros disclosed a 7.9 percent stake in the company.

04/25/2013

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JC Penney Customers Want New CEO To Bring Back Coupons & Promotions

For years, coupons and promotions kept Elsa Miranda coming back to JCPenney’s—today, it was curiosity.

CBS 11–04/09/2013