Foot Locker Hires New CEO

J.C. Penney’s CEO, Ken Hicks, will step down on July 6 to become Foot Locker’s chief executive officer after the current CEO, Matthew Serra, retires. Hicks will officially take the reins of the shoe retailer on August 17, marking a definitive end of a four-year stint as CEO of the struggling department store chain.
Hicks originally joined J.C. Penney in 2002, and before that he worked at Payless Shoesource Inc. His legacy at J.C. Penney involves his efforts to enhance customer service and to attract female shoppers, making women’s clothing one of the department store’s top-selling categories.
Serra will remain the chairman …read more