JC Penney CEO Bets on Appliances

JC Penney CEO Bets on Appliances

Downstairs at a mall on the edge of Austin, Texas, a J.C. Penney sales assistant reels off the same announcement every 30 minutes in a bored, monotone voice. It goes like this: “Have you been looking for the new major appliance? Well, you’re in luck because we now...
Imagining a J.C. Penney-less World

Imagining a J.C. Penney-less World

In the not too distant future, teens will hang around malls in the outskirts of towns just as we did, only this time instead of buying Fro-Yos and hitting the shops with friends, they’ll be rollerblading through derelict buildings. The future for department stores...
J.C. Penney Headed For A Comeback

J.C. Penney Headed For A Comeback

JCP is poised to become the comeback kid of retail this year. The century-old U.S. department store is expected to meet its conservative estimates for third-quarter earnings today and real growth could come in the final quarter of 2016, when the effects of new sales...