Questrom’s time at Penney comes to an end

PLANO , Texas — Allen Questrom, having stepped down from his leadership positions and worked with incoming chairman and CEO Myron (Mike) Ullman since Dec. 1, officially retired from JCPenney yesterday.

"Allen has led a remarkable turnaround at JCPenney, and he has been the catalyst for the successful repositioning of the company's department store and catalog/Internet business during the past four years. Allen leaves the legacy of a strong management team and solid foundation for JCPenney's growth," said Ullman.

In thanking Questrom for his service, the JCPenney Board of Directors said: "We are fortunate to have had a leader of Allen Questrom's stature at JCPenney during this important time in the company's history. Allen reinvigorated the organization, significantly improved JCPenney's customer franchise, and strengthened the company's financial position. His contribution is reflected in JCPenney's increased share price and the fourfold rise in the company's market value."

Home & Textiles Today Staff | News & Commentary

 Home Textiles Today is the market-leading brand covering the home and textiles markets, offering a comprehensive package of print and online products. Home & Textiles Today provides industry news, product trends and introductions, exclusive industry research, consumer data, store operations solutions, trade show news and much more.

Featured Video

  • Live From New York: Fashion Comes Across the Pond

    Camera Icon More Videos

Subscribe to
Home & Textiles Today eDaily
Receive the news you need to know about the trends in the industry delivered right to your inbox.


HTT Current issue for September 2017

See the September 2017 issue of Home & Textiles Today. In this issue, we look at the Attack of the Killer Third Tier: Monster off-pricers are climbing to the top of the food chain, plus New Products: 40 pages of new products debuting at the New York Home Fashions Market; Home Stores: TJX unveils first U.S. HomeSense store; Clicks to Bricks: Boll & Branch moves from digital to physical retailing; and much more... See details!