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JC Penney To Permanently Mark Down Merchandise By 40 Percent
Scott Olson/Getty Images
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BREAKING: Duluth JCPenny’s Not On List Of Closing Stores

JCPenny has put out their list of stores that will be closing, and it looks like Duluth is one of the lucky ones that are going to be staying.

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JC Penney To Permanently Mark Down Merchandise By 40 Percent
Scott Olson/Getty Images
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J.C. Penney Announces Upcoming Closure of 130-140 Stores – Is Duluth Location Closing?

J.C. Penney announced today in a press release that it plans to "optimize its national retail operations" as part of an effort to return to profitability as a company. That plan includes the closure of 130-140 of their roughly 1,000 stores over the next few months.

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Category: Featured Tags:
Source:  JCPenney.com media
Source: JCPenney.com media
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JCPenney’s New Image Fails; Reports Large 1st Quarter Loss

Three months into JCPenney's new, "improved" image reveals one thing:  customers aren't impressed.  First Quarter numbers were recently posted, showing that the retailer was off by $163 million dollars...

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Source:  jcpenney.com media
Source: jcpenney.com media
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JCPenney’s Morale Problem

Earlier this year, JCPenney rolled out their new look and approach to retail sales - with a reduced emphasis on "sales" and "clearance" and more of an up-scale feel to their operations.  It was a direct effort to combat sluggish sales across the board in their stores.

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Category: Business News Tags: , ,

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