Didn’t they just fire the CEO?
Sorry late getting back to your post...work day.
Yes they did...about three weeks ago...Re-hired Ullmman, (re-tired former CEO) to stabilize the plane from it’s nosedive....and he’s got a grip on all the handles very quickly.
Someone said not to underestimate Ullman...but he did keep Penneys stable thru the finaincial 08 fiasco. So I’m not surprised. But what he faces now is a far greater challenge.....looks like it’ll work...at least we’re seeing changes at the store level happening very rapidly now, so he’s wasting no time at all.