JC Penney Archives - Inside Retail Asia
Struggling department store chain JC Penney announced it will exit its home appliances business, and some of its furniture business.
Failing US president Donald Trump is facing widespread backlash from US retailers and brands over his intention to trigger a trade war with China and other nations.
Matahari Putra Prima has a new CEO, William Travis Saucer, whose 12-month appointment takes immediate effect.
As America’s department store industry crisis continues, the JC Penney store network is to be culled by 14 per cent.
US shoppers will move from department stores to discounters en masse this coming holiday season, according to a survey by Conlumino.
Spanish fast fashion retailer Mango is to close 450 points of sale in the US after deciding not to renew and partnership agreement with department store JC Penney.
The global department store market is predicted to grow by 22.2 per cent to $100 billion in the five years to 2019.
And according to a study by research house Verdict, 30 per cent of all department store sales will be made in China, owing to rising affluence, increasing urbanisation and expansion opportunities for both domestic and overseas players.
“There are extensive growth opportunities in China, however, as overheads such as labor costs rise, we expect less profitable and weaker playe…
In the midst of a dynamic retail landscape, it’s important to continually evolve your retail brand, says Jon Bird.
Jon Bird compares the evolution of JC Penney in the US and Kmart in Australia.