Similar Stories to J.c. Penney's New Brooklyn Store Is An Interesting Move on Bing News

J.C. Penney (NYSE: JCP) has spent most of the past two years in defense mode. Comp sales growth has slowed to a crawl, and a combination of competitive pressures and inventory management missteps has pressured profitability despite the company's deep cost cuts.In response to these headwinds, J.C. Penney closed about 140 stores last year, and has shuttered about 200 stores since the beginning of 2015.

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BING NEWS:
  • Macy’s and J.C. Penney have two very different real estate strategies
    In an era when the department store model is under siege ... was at least in part to prevent vacancies at their malls. Penney’s position as an anchor is especially valuable because an empty ...
    05/15/2024 - 1:00 pm | View Link
  • J.C. Penney remains profitable, could open new stores
    J.C. Penney’s spokesperson said that over the past year the retailer has also “increased focus on customer acquisition and continue to reap the benefits of trend changes in in-store traffic.” ...
    05/9/2024 - 12:59 pm | View Link
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