J.C. Penney has promoted Ken Mangone to executive vice president of product development and sourcing, succeeding Peter McGrath, who retired last month.
It’s a critical role, particularly since 50 percent of Penney’s annual volume is generated by private and exclusive brands. Mangone will oversee the PD&S team, which handles all the trend analysis, product design and development, sourcing, manufacturing and quality control associated with private brands such as Worthington, Arizona, Liz Claiborne and St. John’s Bay.
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