Penney said Thursday that Jeffrey Davis, the company's chief financial officer, was resigning 14 months after taking the job. Davis' departure marked another sign of trouble at JCPenney (JCP). Earlier this month, Penney introduced Artesia, a new women's chic brand for less than $30. Months before he left, Davis said Penney's core customers were women over 45. The company will give an update on its efforts to win those shoppers in early November when it reports quarterly earnings.

Source: CNN September 28, 2018 14:48 UTC