Oct 3 J.C. Penney Co Inc Chief Executive
Myron Ullman has tapped a 25-year company veteran to head the
department store's home goods section, filling a big gap in its
executive ranks as the retailer tries to revive sales.
Jan Hodges will take on the job of senior vice president,
general merchandise manager for the home goods section on Nov.
1, Ullman told employees in a memo this week. Reuters obtained
the memo on Thursday.
Hodges, a senior marketing executive, will tackle the task
of improving sales of a department that generated only 12
percent of revenue last fiscal year, compared with 21 percent in
2006. She replaces Paul Rutenis, who left Penney in July after
14 months in the job.
Penney spent hundreds of millions of dollars on a recent
renovation of its home goods sections in 500 of its 1,100
stores. The overhaul included anchoring the shops with such
brands as Jonathan Adler, Michael Graves and Martha Stewart.
But in August, the company reported disappointing results
and began reorganizing items in the home section by product
category rather than by brand and bringing in more lower-priced
Hodges joined Penney in 1988 and her previous positions have
included head of women's accessories and intimates, among other
The New York Post earlier reported Hodges' appointment.