J.C. Penney CEO Has Surrounded Himself With Strong VPs: Loeb Associates

After getting a boost in early March, J.C. Penney Company, Inc. (NYSE:JCP)’s stock price has mostly been stuck in the mid-$8 range as analysts try to figure out whether the retailer is recovering from self-inflicted wounds dealt by former CEO Ron Johnson or if headwinds to the industry will prevent it from rebuilding its audience. Strong management team backing Ullman: Loeb If management mistakes are to blame for J.C. Penney Company, Inc. (NYSE:JCP)’s current predicament, Walter Loeb, head of management consulting firm Loeb Associates and former senior retail analyst at Morgan Stanley, thinks that the strong team assembled by current CEO…