The recent announcements that management of J.C.Penney is exploring sale and partial leaseback of its home office building to reduce debt makes sense and comes as no surprise. The building, at 1.8 million square feet, is a huge mausoleum that is too big for the now smaller company. It is [...]
NEW YORK (Reuters) - Burberry Group Plc, the British luxury fashion brand, sued J C Penney Co Inc on Tuesday, accusing the U.S. retailer of selling "scarf coats" and jackets featuring exact copies of its trademarked "Burberry check." The lawsuit filed in the U.S. Show More Summary
(Reuters) - Department store operator J.C. Penney Co Inc said it is pursuing a potential sale and partial leaseback of its headquarters in Plano, Texas. The move is expected to reduce debt and costs, the company said on Friday. (Reporting by Yashaswini Swamynathan in Bengaluru; Editing by Sriraj Kalluvila) Join the conversation about this story »
Credit: anniexphoto.com In 2014, Mark Estee, 45, an entrepreneur in Reno, NV, who runs five restaurants, opened an ambitious venture he called Reno Provisions in an old J.C. Penney building. The $1.2 million project included a 10,000-square-foot restaurant-bar-market that butchered raw meat, produced cured meat products and turned out pasta and [...]
These are the stories making headlines in fashion this Wednesday.A Bangladesh factory catches fireA factory in the Gazipur district of Bangladesh, which produces garments for H&M and JC Penney, caught fire on Tuesday morning, injuring four workers. During a May 2014 inspection of the... Continue reading
Bloomberg: The World’s Favorite New Tax Haven Is the United States, by Jesse Drucker: Last September, at a law firm overlooking San Francisco Bay, Andrew Penney, a managing director at Rothschild & Co., gave a talk on how the world’s wealthy elite can avoid paying taxes. His message was clear:...
J.C. Penney launched an immersive campaign over the holidays that saw virtual reality introduced not just as entertainment, but as an opportunity to drive sales. Converting consumers is more effective through stories experienced than stories told, says the creative agency behind it.
Badly in need of a transformative strategy, Ron Johnson was named Myron Ullman’s successor by the JC Penney board under the thumbs of activist investors Steven Roth and William Ackman. Rather than preside over a long overdue and orderly overhaul, however, he, in fact set the company on fire. JC [...]
JC Penney was once in the washer dryer, refrigerator, stove and dishwasher business. But since that didn’t work out too well 30 years ago, why should it work out now? For a variety of reasons this recently announced strategy, even if only in test, does not appear to be a [...]
(Reuters) - Department store operator J.C. Penney Co Inc said it would start selling home appliances from February, re-entering the business after a gap of more than 30 years. The chain will sell kitchen and laundry appliances in a range of price points from GE, Hotpoint, LG Electronics Inc and Samsung Electronics in 22 pilot stores starting Feb. Show More Summary
J.C. Penney is among the five retail chains operating with the least efficiency and considered “high risk", according to financial health tracker Rapid Ratings. Also listed: American Apparel, which has reported losses since 2010.
J.C.Penney was a standout this Holiday season. While unseasonably warm weather affected apparel sales for all retailers during the Christmas selling season, J.C.Penney managed to benefit from strong private label sales and an improved omnichannel execution. The company reported 3.9% comparable sales growth in the November/December nine week selling period. While [...]
(Reuters) - J.C. Penney Co Inc's same-store sales rose 3.9 percent in November and December due to strong demand for its private-label offerings and gift products and higher online sales. The company's results were in stark contrastShow More Summary
Retailers Bed Bath & Beyond, Nordstrom, JC Penney and Backcountry.com have been fined $1.3 million by the Federal Trade Commission for misleading environmental claims. Under the court order settling the FTC’s charges, the four companies are barred from labeling and advertising rayon textiles as made of bamboo and will pay the following civil penalties: Bed […]
What’s New Year’s Eve without a few retail predictions? Here are a few sector trends, market moves foreseen by industry watchers for 2016. Happy new year. More Retail Consolidation Awaits Expect more mega mergers like Walgreen’s Rite Aid acquisition and Procter & Gamble’s sale of its beauty business to Coty. “Consolidating retail will [...]
A Facebook user claimed JC Penney Portrait Studio in Fairview Heights refused to take a photo with an American flag because it "went against their belief."
In Prepaid Economy: image via the Atlantic Joe Penney / Reuters The annual Festi’Bazin, held in late October in the riverside capital Bamako, showcased the cloth and featured designers from Senegal, Mali, Niger and Morocco. However its focus was as much on improving the lives of people in one of the world’s poorest countries as it was on fashion. Show More Summary
When I was a kid I was TERRIFIED of Santa Claus. I liked the idea of Santa — a guy whose JOB it was to bring me presents — but the "reality" of Santa, in the form of some guy in a dingy red suit outside of JC Penney's horrified me. I did NOT want to sit in that guy's lap. I honestly... Continue reading
Santa's going virtual in a new marketing push from JC Penney this holiday season. In an effort to drive more shoppers to the brand, and to its stores, the Plano, Tex.-based retailer has set up four... To view the full story, click the title link.
Tina Fey has real nerd roots, and they run deep. Fey was on Graham Norton's couch with Kurt Russell and Josh Widdicombe, which gave Graham the opportunity to go in on her dorky past. There are delightfully embarrassing stories involving discount haircuts and and putting on a bra over her... More »