Signage is displayed outside a JC Penney Co. store in Chicago, Illinois.Christopher Dilts | Bloomberg | Getty ImagesJ.C. Penney CEO Jill Soltau, who was tapped to turn around the struggling department store, will leave the company at the end of the month.The company’s new owners, Simon Property Group and Brookfield Asset Management, said Wednesday that they’re looking for a new leader for the legacy retailer.Penney filed for bankruptcy in May and emerged earlier this month. It joined a growing list of retailers’ pushed to the brink by the coronavirus pandemic.This story is developing and will be updated.
JC Penney CEO Jill Soltau to leave retailer after emerging from bankruptcy with new owners
There's a controversy over Charlie Munger's design for a big dorm at UCSB
Earnings results so far show companies are effectively navigating supply issues and rising costs
Markets could be challenged in the week ahead as the Fed prepares to reverse easy policy
Where to get the best rates on your emergency savings amid rising inflation