The department store company JCPenney is a part of Penney OpCo LLC, which has a strong presence across almost all American states. Currently, Marc Rosen is the company’s CEO after replacing the interim CEO Stanley Shashoua. JCPenney CEO Marc Rosen got the top leadership role in 2021. Under him, the department chain store wants to focus on middle-class Americans unlike previous leaders who tried to attract younger buyers, yoga freaks, and gadget lovers. He is clear that the target audience will be budget-focused households. His primary responsibility is to revive and stabilize the company’s business by improving its finances. Rosen is also geared to ensure long-term success for the retail giant. His background in e-commerce and retail is a huge plus for JCPenney. Explore this wiki for details such as JCPenney CEO email, Marc Rosen net worth, and JCPenney net worth.
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Some of the competitors for the retailer include:
- Home Depot
Marc Rosen Net Worth – JCPenney CEO Salary
As of 2022, Marc Rosen’s net worth can be anywhere from 25-30 million USD. He reportedly earns 10-17 million USD in annual compensation package.
JCPenney Net Worth – Is JCPenney Profitable?
As of 2022, JCPenney’s net worth can be between 0.03-0.06 billion USD. No, the retailer is not profitable.
JCPenney CEO Email | Marc Rosen Contact
Career & Education – Company, University, & College
Rosen worked as a part of the audit staff at Ernst & Young in the beginning of his career before rising to the role of senior manager for the strategy advisory department. From there, he transitioned to Walmart e-commerce, spending slightly more than 14 years. He joined the company as VP of strategic planning for the international segment and eventually reached the position of SVP, Global e-commerce. Next, Marc started working for Levi Strauss & Co. His journey started as EVP/ President, making him responsible for the global e-commerce segment. Eventually, he became Levi Strauss Americas’ President. From there, his next destination was JCPenney. Rosen has done BBA from University of Michigan and MBA from University of Chicago.
Marc Rosen Wiki – Age, Wife, Family, & More
Marc Rosen, age 53, grew up in St. Louis Park, Minnesota, Minneapolis. He doesn’t chase the buzz. Instead, he tests things and learns. He believes that he gets the best ideas when he is running in the morning. During that time, he doesn’t check emails and can focus with more clarity. The first time he visited JCPenney was in the 1970s. He used to go to the local store every year for family portraits with his parents during the pre-holiday season.
Rosen comes from a retail background in terms of family also. His Russian great-grandfather was an immigrant and a founder of Chozen’s (department store). The store eventually came under his great uncles’ and grandfather’s control as inheritance. When Marc was only 6, he would visit the Iowa-based store on Sunday mornings to assist his grandfather Milo Chozen with moving boxes, replenishing the shelves, and attending customers. The store was sold when he was in high school.
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