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Fort Worth's new thoroughfare plan aims for more variety in street design

Fort Worth is launching a review of its master thoroughfare plan aimed at accommodating continued suburban growth and central city redevelopment with a greater variety of streets and more efficient traffic flow.

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Holt Hickman, businessman who helped preserve Stockyards, dies at 82

Longtime Fort Worth businessman, philanthropist and preservationist Holt Hickman died Nov. 15, 2014, at the age of 82.

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UPDATE: Could American Airlines move its headquarters?

A key linchpin in the Fort Worth economy, American Airlines Group Inc., is considering sites for a new headquarters, possibly outside the city, the airline’s CEO said this morning.

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Crestwood area hoping to block planned office building

Residents of West Fort Worth’s Crestwood Association are trying to block the rezoning of a small apartment complex at White Settlement Road and North Bailey Avenue to make way for a planned office building, saying it would represent the start of commercial encroachment into their neighborhood.

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Tiger Woods takes a swing at Fort Worth's Dan Jenkins - in print anyway

Rarely does Golf Digest make the news. Leave it to Dan Jenkins to change that.

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Penney hires Kraft executive as marketing chief

 

ANNE D'INNOCENZIO,AP Retail Writer


NEW YORK (AP) — J.C. Penney Co. has hired an executive from the food world to reconnect with its shoppers.

The beleaguered department store on Monday named Kraft Foods executive Debra Berman as senior vice president of marketing to help revitalize the struggling brand.

Penney is trying to win back customers who fled during a transformation plan spearheaded by chain's former CEO, Ron Johnson, that backfired and led to massive losses and sales drops.

Berman, who has worked for Kraft since 2009, served as vice president, marketing strategy and directed global brand strategy for all Kraft-owned brands

J.C. Penney, which is based in Plano, said Berman joins the company's executive board and will report directly to CEO Mike Ullman III. The appointment took effect Friday.

Berman fills the void left by Michael Francis, who left the company in June 2012 after being hired by Johnson eight months earlier. Francis, who was president and marketing chief, was responsible for marketing a new pricing plan created by Johnson. After Francis left, Johnson himself oversaw marketing, until he was fired in April.

Berman's appointment is the latest management change under Ullman, who returned to Penney's helm in April when the board fired Johnson after only 17 months on the job. Ullman has been assembling a new management team to help reverse Penney's fortunes. He's also working to stabilize the business by bringing back basic merchandise and more frequent sales that were eliminated by Johnson in a failed bid to attract younger, hipper customers.

However, analysts say that while traffic is improving as a result of stepped-up discounts, there has been no evidence of a turnaround yet as the company heads into the bulk of the critical back-to-school shopping.

Penney amassed nearly a billion dollars in losses and its revenue dropped 25 percent for the fiscal year that ended Feb. 2 in the first year of the failed transformation strategy. Losses and sales drops continued into the first quarter, as the shadow of Johnson's legacy remained. Penney is expected to report second-quarter results later this month.
 

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