J. C. Penney
Fashion
Ann Taylor owner files for Chapter 11 bankruptcy
The operator of Ann Taylor and Lane Bryant filed for Chapter 11 bankruptcy protection on Thursday, the latest retailer to do so during the pandemic. Mahwah, New Jersey-based Ascena Retail Group Inc., which operates nearly 3,000 stores mostly at...
International News
J.C. Penney to close 154 stores
J.C. Penney announced that it has taken the first step in implementing its store optimization strategy. Following a comprehensive evaluation of its retail footprint and a careful analysis of store performance and future strategic fit for the company, JCPenney...
International News
In another blow to Welspun, J C Penney offers refunds on 'questionable' products
In what is being seen as a spin-off of the Welspun disaster, US-based retailer J C Penney has said it will be offering refunds to shoppers who purchased certain towels and a comforter set. This, even though the retailer is unable to...
Retail
Macy’s, Kohl’s outperform J.C. Penney in June
With same-store sales increases of 6.7 per cent and 7.5 per cent respectively, Macy’s and Kohl’s outperformed rival J.C. Penney in June, as J.C. Penney came up short of Wall Street estimates with a slight 2 per cent gain.
Macy’s...
Retail
J.C. Penney, other retailers, take on tough task of reinventing
Trying to redefine itself, Sears Holdings introduced a flurry of concepts when its new chairman, Edward Lampert, took over.It converted stores not attached to malls into Sears Grand stores, which carried food and pharmacy items beside traditional merchandise. A...
Beauty & Wellness
LVMH acquires Ole Henriksen
French luxury goods conglomerate, LVMH Moët Hennessy Louis Vuitton has acquired luxury botanical skin care brand Ole Henriksen.The Scandinavian skincare range entered LVMH-owned Sephora in 2006, and has steadily expanded across the beauty retailer’s doors domestically and abroad.“I sent...
Beauty & Wellness
Sephora to debut ‘Glee’ nail collection
French beauty retailer, Sephora opens its doors to OPI 's 'Glee' limited edition nail colour collection in stores in the US.“We’ve been very careful and strategic with the ‘Glee’ brand. This is a long-term brand for us, and it’s...
Retail
J.C. Penney to launch stores for ‘big and tall’ men
US-based mid-price department store retailer J.C. Penney Company plans to launch a chain of up to 300 speciality stores aimed at 'big and tall' male customers.The retailer, which operates 1,100 large, mid-price department stores, said the new chain of...
Retail
United Supermarkets chooses Teradata Enterprise Intelligence
The Texas-based regional retail grocery chain operating in 50 locations, United Supermarkets, has selected Teradata Corporation to meet its growing and comprehensive enterprise information requirements.The retailer is deploying a multiple-terabyte data warehouse appliance from Teradata with the retail decisions...
Retail
US stores gear up for holiday season
Stores across United States of America were gearing up for the official start of the holiday shopping season Friday with midnight openings doling out special offers on shoppers who have been reluctant to open their purse strings due to...
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Latest News
The Luxottica report card for 2022
A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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