J.C. Penney picks Levi's, Walmart vet as new CEO


J.C. Penney has hired former Levi Strauss & Co. executive Marc Rosen as its new CEO, succeeding Stanley Shashoua, who has served as interim CEO since January after the department store retailer was acquired by Simon Property Group and Brookfield Asset Management. Rosen, whose resume also includes a 14-year stint at Walmart in a variety of roles, will take the new post next week.

Full story:

NRF SmartBrief

News and trends about the U.S. Retail industry

Designed specifically for retail professionals, NRF SmartBrief is a FREE daily e-mail newsletter. It provides the latest need-to-know news and industry information that maximizes your time, giving you an edge over your competition.