JC Penney Company Inc
After its apparel sales took a hammering from unseasonably cold spring weather in the first quarter, US department store retailer JC Penney...
US department store retailer JC Penney has said it will continue to focus on enhancing the efficiency of its supply chain as one of a number...
As safety improvements at Bangladesh garment factories move from inspections to remediation, stakeholders warn the hard work is just beginning. Access to low-cost finance is one of the main challenges facing firms going forward, but so too is a shift in mindset - with a greater focus on worker training seen as key to creating lasting change.
Macro factors, particularly in the US and Europe, have created a somewhat challenging environment for retailers in 2014. Many succumbed to heavy promotional activity in order to keep sales up. Subsequently, however, margins and earnings were hit. As a result, a large number of firms were forced to carry out strategic reviews on their business operations in order to turn their businesses around. Here are some of those that just-style has reported on this year.
A snapshot of the current state of play in US textile and apparel trade shows imports last year rebounded from a modest decline in 2012, retailers continued to diversify their supply chains, and Asia continues to dominate imports into the US.
A review of the work carried out so far by the Alliance for Bangladesh Worker Safety says the group has made "significant and laudable progress" over the past 12 months - but pulls no punches when it comes to the many challenges that still lie ahead.
Hot on the heels of expanding its Dockers brand license agreement with Levi Strauss & Co for the third time in four months, Hampshire Group CEO Paul Buxbaum is optimistic the company turnaround is starting to take hold. Here he talks to just-style about new opportunities and on-going efforts to leverage the firm's supply chain.
Hong Kong based Crystal Group is one of Asia's largest apparel manufacturers, producing more than 230m garments a year for customers including Victoria's Secret, Levi's, A&F, H&M, M&S, Uniqlo, JC Penney and Gap. Here CEO Andrew Lo talks to just-style about supply chain consolidation, productivity, setting up offshore factories, and why big is better when it comes to building a competitive edge.
Department store retailer JC Penney Company has promoted its CEO Marvin R Ellison to chairman, succeeding Myron (Mike) Ullman III, who will be retiring in line with the company's transition plan outlined in 2014.
Building on the combined strengths of its private brands and the growing plus-size and millennial markets, JC Penney has launched its first plus-size line for millennial women.
A lawsuit launched against three US retailers by victims of the Rana Plaza building collapse in Bangladesh has been dismissed largely on technicalities.
In the most recent fourth-quarter filings from US apparel brands and retailers, Destination Maternity and Perry Ellis saw their losses narrow, while New York & Co moved to a net profit. However, Iconix Brand Group cut its outlook after swinging to a loss, Finish Line saw its net profit plummet 90%, and Cherokee Global Brands posted a mixed performance.
US department store retailer JC Penney is to split Ken Mangone's role as executive vice president of product development, design and sourcing, after announcing his retirement.
Luxury UK fashion group Burberry has filed a trademark infringement lawsuit against JC Penney for selling outerwear featuring what it claims is an exact replica of its Burberry check pattern.
Following the successful pilot last autumn of a new private label fast-fashion brand targeting millennials, US department store retailer JC Penney now plans to roll out the Belle + Sky line across 500 stores from the end of this week.
JC Penney has revealed it is exploring the sale and partial leaseback of its headquarters in Plano, Texas, to reduce the US department store retailer's debt and lower its expenses.
Labour rights groups say they are "disturbed" after a fire that broke out yesterday (2 February) at a Bangladesh garment factory supplying fashion retailers H&M and JC Penney that was "on track" with remedial action following an inspection by the US-based Alliance for Bangladesh Worker Safety.
In the most recent third-quarter filings from US apparel brands and retailers Gymboree, Aeropostale, Sears and New York & Co narrowed their losses, while Oxford Industries, Destination Maternity and J Crew saw theirs widen. Both The Finish Line and Men's Wearhouse swung to a loss. On a positive note, The Children's Place, Express, American Eagle Outfitters, G-III Apparel Group and Abercrombie & Fitch booked higher earnings.
US department store retailer JC Penney has revealed "strong" Christmas sales thanks to digital sales and merchandise selection, and a focus on private brands.
Spanish women's fashion chain Mango is set to end its five-year distribution deal with US department store retailer JC Penney next year.
US department store retailer JC Penney has expanded its emphasis on worker safety and training in its supply chain, as it reveals details from its latest corporate social responsibility report.
US department store retailer JC Penney is to axe 300 jobs at its headquarters in Plano, Texas, in a move it says will help the business meet financial targets and improve productivity.
Second-quarter earnings for the retail sector as a whole are forecast to be lower than the prior month, despite easy year-on-year comparisons. The Finish Line posted a small drop in net income, Zumiez saw its profit more than halve, Cherokee Global Brands posted a double-digit decline in net earnings, while Christopher & Banks swung to a loss, and Hudson's Bay was back in the black.
US department store retailer JC Penney has promoted John Tighe to chief merchant as part of a wider reshuffle of its merchandising team.
Apparel giant PVH Corp has launched what it claims will be a “game changer” in the men's dress shirt category with a product that utilises the TekFit technology most usually found in stretch-waistbands.
US department store retailer JC Penney has appointed a new executive vice president of omni-channel and senior vice president of supply chain to help propel its omni-channel growth strategy.
Analysts have given a luke-warm reaction to a narrowing of losses at retailer JC Penney in the first quarter, warning that the company “still has much to do” to turn its fortunes around.
Retail giant Wal-Mart Stores is remaining silent on a class action launched against it in the US by victims of the Rana Plaza building collapse in Bangladesh.
US department store retailer JC Penney has said one of its biggest opportunities for incremental growth in the near term is in omni-channel, as it looks to deliver continued improvements in the business.
Jones New York has become the US apparel industry's latest casualty, revealing it will close all 127 of its stores and end its wholesale business as the women's clothing brand seeks strategic alternatives.
Experts on China's textile and apparel industry say that international brands must take increasing care to ensure their sourcing is environmentally and socially responsible, ahead of an anticipated tightening of government restrictions.
The annual World Retail Congress has returned to Paris this week for three days where the great and the good of the retail industry have converged to discuss the industry climate as we move out of a tough economic climate. New technologies, the rise of omni-channel, innovation and the supply chain of the future will all be discussed.
Global Apparel Markets: Business Update - 3rd Quarter 2014
This report provides information, analysis and valuable insight on developments relating to the global apparel industry in the following categories: acquisitions, divestments and mergers; corporate so...
Global Apparel Markets: Business Update - 4th Quarter 2014
This report provides information, analysis and valuable insight on developments relating to the global apparel industry in the following categories: corporate social responsibility (CSR); financial re...
Home Textiles Business Update - December 2015
This report provides information, analysis and valuable insight into developments relating to the home textiles industry....
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