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Articles for Jcpenney

Major national department store abruptly shuts four stores
5 months ago

Major national department store abruptly shuts four stores

Daily Mail  

One of America's biggest department stores is shutting four locations. Earlier this year, Macy's said it would close 150 stores in the next three years, leaving it with 150. Last month, Simon Property Group CEO David Simon said it was not planning vast closures - and that it might open some. 'We continue to work to make every dollar count …

Shut Stores Macy Department Store Jcpenney Simon Property Group Store Locations
Major national department store abruptly shuts four stores across several states
5 months ago

Major national department store abruptly shuts four stores across several states

Daily Mail  

One of America's biggest department stores is shutting four locations. The four JCPenney closures are across as many states - Alabama, Texas, Maine and Maryland Like rival Macy's, JCPenney has been battling a trend for Americans to increasingly shop online. Rihanna attends Fenty Beauty's 1-year anniversary at Sephora inside JCPenney on September 14, 2018 in Brooklyn, New York The 122-year-old …

Texas Maine Locations Shut Maryland Macy Department Stores
JCPenney is spending $1 billion on store and online upgrades in latest bid to revive its business
1 year, 4 months ago

JCPenney is spending $1 billion on store and online upgrades in latest bid to revive its business

Associated Press  

NEW YORK — JCPenney said Thursday it plans to spend more than $1 billion by the end of 2025 in a bid to revive the storied but troubled 121-year-old department store chain. Shoppers will But JCPenney is playing catch-up with its competitors — from discounters to department stores like Macy’s and Walmart — that have been upgrading their stores and …

Online Billion Store Rosen Customers Stores Jcpenney Shoppers
This L.A. beauty and hair-care guru is rearranging the industry in her image
3 years, 2 months ago

This L.A. beauty and hair-care guru is rearranging the industry in her image

LA Times  

This story is part of Image issue 5, “Reverence,” an exploration of how L.A. does beauty. The site has partnered with JCPenney to create “stores within a store,” where shoppers can peruse, test and purchase many of the site’s wares in person. “There was only one place my mom could get her foundation shade and that was the Fashion Fair …

Beauty Skin Lot Brands Jcp Thirteen Thirteen Lune
As JCPenney exits bankruptcy, its long-term outlook remains grim
4 years, 1 month ago

As JCPenney exits bankruptcy, its long-term outlook remains grim

CNN  

New York CNN Business — JCPenney has survived to see its 119th holiday shopping season. JCPenney got final approval on its plans to emerge from bankruptcy just last week on the eve of the all-crucial holiday shopping season, thanks to a rescue by mall owners Simon Property Group and Brookfield Asset Management, who will now own and operate the company. …

Holiday Retail Bankruptcy Season Going Simon Brookfield
JCPenney, Sears, Nieman Marcus and JCrew could collapse from the coronavirus recession
4 years, 8 months ago

JCPenney, Sears, Nieman Marcus and JCrew could collapse from the coronavirus recession

CNN  

New York CNN Business — They were once the giants of American retail, strong enough to survive wars, the Great Depression, the Great Recession and the rise of online shopping. “The retailers who were wandering around aimlessly pre-pandemic are going to be substantially less likely to muddle through than they were before,” said Mark Cohen, director of retail studies at …

Retail Coronavirus Debt Bankruptcy Stores Marcus Madewell
JCPenney, Sears, Nieman Marcus and JCrew could collapse from the coronavirus recession
4 years, 9 months ago

JCPenney, Sears, Nieman Marcus and JCrew could collapse from the coronavirus recession

CNN  

New York CNN Business — They were once the giants of American retail, strong enough to survive wars, the Great Depression, the Great Recession and the rise of online shopping. “The retailers who were wandering around aimlessly pre-pandemic are going to be substantially less likely to muddle through than they were before,” said Mark Cohen, director of retail studies at …

Retail Debt Bankruptcy Crew Stores Marcus Sears
America has turned its back on big department stores
4 years, 11 months ago

America has turned its back on big department stores

CNN  

New York CNN Business — Somehow, in the midst of a monster holiday shopping season, America’s biggest department stores managed to lose sales. JCPenney’s sales at stores and websites open for a year fell 7.5% during the holidays compared with last year. Victoria’s Secret sales at stores and websites open for at least a year fell 12% and its parent …

Sales Cost Stores Macy Jcp Kohl Department Stores
Target and TJMaxx are killing department stores
5 years, 1 month ago

Target and TJMaxx are killing department stores

CNN  

New York CNN Business — Department stores like Macy’s have a big problem, and it’s not Amazon: Discount retailers Target and TJMaxx continue to take their customers. Macy’s posted a sales decline of 3.9% at stores open for at least a year, the company said Thursday. Kohl’s sales at stores open for at least a year last quarter ticked up …

Sales Target Stores Macy Kohl Department Stores Jcpenney