Kohl's seeks new merchandise chief, to shake up management, WSJ says Kohl's CEO Kevin Mansell plans to make changes to the company's management team and is looking for a new chief merchant, who could be a CEO succession candidate, according to The Wall Street Journal, citing a person familiar with the matter. Reference Link
J.C. Penney downgraded to Sell from Neutral at UBS UBS downgraded its rating on J.C. Penney (JCP) shares to Sell saying the company's 2017 EBITDA target of $1.2B is overly optimistic as it assumes years of market share gains against strong competitors like Macy's (M) and Kohl's (KSS). UBS halved its price target for Penney shares to $5 from $10. The retailer's stock closed Friday down 52c to $7.12.