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Execs see positive changes ahead.(J. C. Penney selects new chairman)(Brief Article)
Home Textiles Today, July, 2000 by Slott, Mira
Tags: J.C. Penney Co. Inc., Penney
NEW YORK -- Home textiles executives are roundly supportive of Allen Questrom's appointment as JCPenney's chairman and ceo. Questrom, appointed last week and touted as a "gifted merchant" who has "his pulse on the consumer," was cited as the one executive who inspired broadbased faith in a potential Penney turnaround, though most noted it will be a huge undertaking.
"He is a highly effective, competent executive and his commitment to the home store is encouraging to all of us," said Tom O'Connor, exec. vp, Springs Industries, Fort Mill, SC. ...
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