All JC Penney articles
Value-led JC Penney is one of the US’s largest clothing and home retailers, but has struggled to find its niche of late in the rapidly changing retail environment. Store numbers have been on a sharp downward trend as many urban shopping malls, in which the bulk of its 850 or so remaining stores are located, suffer from declining footfall and underinvestment. The business was founded in Kemmerer, Wyoming, in 1902 by James Cash Penney.
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Opinion‘Could Amazon’s JC Penney swoop offer a glimpse into its UK plans?’
With Amazon in discussions to buy abandoned department stores in the US to turn into dedicated distribution centres, might the etail giant do the same in the UK – and would it work?
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NewsAmazon in talks to convert JC Penney stores into fulfilment centres
Amazon is currently negotiating with JC Penney and Sears mall owner Simon Property Group to turn its abandoned department stores into Amazon distribution centres.
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OpinionOpinion: JC Penney is a cautionary tale of how not to run a retailer
JC Penney has been a staple of the US retail landscape for as long as most Americans can remember.
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NewsJC Penney declares bankruptcy amid coronavirus pandemic
The US department store chain JC Penney, which filed for bankruptcy on Friday, is reportedly the largest retail casualty of the pandemic-induced economic downturn so far.
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News
JCPenney unveils plans to enhance financial position
Troubled department store group JCPenney has unveiled plans to enhance its financial position, having burned through $10m (£6.56m) in the fiscal year ended February 2, prompting liquidity concerns. As part of the process, the retailer has drawn $850m (£556.7m) from its $1.85bn (£1.21bn) committed revolving credit facility. Proceeds will fund ...
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AnalysisAnalysis: JCPenney and Ron Johnson - what went wrong?
This week US retailer JCPenney revealed that chief executive Ron Johnson is leaving the company after a tumultuous tenure in the top seat.
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News
Sales fall at department store group JCPenney
Department store group JCPenney’s sales fell 22.6% to $3.02bn (£1.92bn) for the second quarter ended July 28. Like-for-like sales were down 21.7%. Online sales were $220m (£140m) in the period, a fall of 32.6%. The retailer said the results included the effects of its exit from its outlet business and ...
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News
JCPenney to stock discount apparel brand
Department store group JCPenney will stock Canadian grocer Loblaw’s discount apparel brand, Joe Fresh, in 700 stores starting in April 2013. The areas, designed by the Joe Fresh team, will range from about 1,000 sq ft to 2,500 sq ft, and debut with women’s apparel. Joe Fresh products will also ...
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News
JCPenney to revamp US stores
Department store chain JCPenney is revamping almost 700 US stores. The scheme will create a new in-store layout, including multiple smaller units, dedicated to particular brands such as clothing and cosmetics. The initial transformation of 10 stores is expected to be completed by August 2012. The retailer is to remodel ...
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News
JCPenney's sales tumble as US retail gloom grows
JCPenney’s chief executive has blamed the gloomy mortgage market and credit crunch for disappointing sales in its third quarter ending November 3.