Penney to discuss quotas
May 14, 2004,
PLANO, Texas — The elimination of quotas in January will be one of the major issues discussed at the JCPenney vendor summit meeting here on Wednesday, May 19.
Vanessa Castagna — chairman and CEO of JCPenney stores, catalog and Internet — said that the summit meeting, an annual event, will review the information presented at last month’s financial analysts’ meeting, and explore how the vendor base can support Penney as well as “what we can do to help them work with us.”
“We have to have our key suppliers joined at the hip with us on everything from the design of the product to the shipment of product,” Castagna said.
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