Retailer J. C. Penney Company, Inc. named Michael R. Francis president of the company. Francis was until recently a senior executive at Target Corp. He will report to incoming J. C. Penney CEO Ron Johnson.
Francis, will be responsible for all merchandising, marketing, planning and allocation, and product development and sourcing functions at a time when the company said it is "focusing on redefining the department store."
J. C. Penney Company, Inc. has over 1,100 department stores in the United States and operates jcp.com.
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