US: JC Penney "pleased" with Christmas performance
Struggling department store chain JC Penney has said it is "pleased" with its performance for the Christmas holiday period.
The US retailer, which has been striving to turn its fortunes amid widening third-quarter losses in November, said its turnaround efforts are continuing to show progress.
"Customers responded well to the company's offerings this holiday shopping season, both in store and online," the company said.
JC Penney also reaffirmed its outlook for the fourth quarter.
In November, CEO Mike Ullman said the turnaround of the group was beginning to take hold and that it was making "significant strides toward restoring JC Penney to its rightful place in retail".
Former JC Penney CEO and Apple retail head Ron Johnson is set to launch a new start-up designed to reinvent the way consumers buy and experience products online....
The most-read stories on just-style last week included a look at the impact of China tightening up on corporate social responsibility, analyst opinion on JC Penney's new CEO, and an overview of Glenn ...
- Better factory conditions boost the bottom line
- Is there more to Primark's woes than the weather?
- Myanmar garment exports surged 20% in 2015
- Under Armour on track with new UAS sportswear line
- Why synthetic fibres are a safe bet for the future
- Brexit may hit suppliers with UK duty-free access
- Vietnam's Vinatex opens $5.7m garment factory
- New US tariff classifications impact woven apparel
- H&M living wage commitments criticised in Cambodia
- US strengthens cooperation with East Africa