US: JC Penney sees risk of sales slump under new strategy
By Katie Smith | 29 March 2012
US department store retailer JC Penney has said that there is a risk that its new strategy could hit sales for some time, and that there is no guarantee its store and merchandise turnaround plan would work.
Join now for increased access
There are various access options to choose from. All provide instant access to the latest news, insight and expert analysis.
If you're already a member, login here.
More articles related to this one
US: Two new executives complete Haggar leadership team
Men's wear maker Haggar Clothing Co has completed the rebuilding of its leadership team with one promotion and one new hire aimed at helping the company continue to grow its revenue and market share gains.
HAITI: Sae-A Trading on track to begin production
South Korean apparel giant Sae-A Trading is on track to begin production later this year in Haiti, as part of a $300m multi-stakeholder effort to help the country back to economic growth following a devastating earthquake two years ago.
US: Gap appoints Rebekka Bay as head of global design
Specialist clothing retailer Gap Inc has ended a search lasting more than a year by appointing Rebekka Bay as creative director and head of global design for its namesake brand.
Market research related to this article
Homeshopping - USA
The homeshopping sector has not escaped the effects of the struggling economy. As consumers have cut purchases overall, this has included items purchased through homeshopping. Companies have made efforts to reduce costs and, as a result, many reduced...
Direct Selling - USA
According to the Direct Sellers Association (DSA), the main trade group for the channel, approximately 16 million people in the US are involved in direct selling. The majority of direct selling agents are women. Many agents are mothers who are simply...
Clothing and Footwear Specialist Retailers - USA
Clothing and footwear specialist retailers experienced only moderate growth in 2010. Though the 1% growth rate was an improvement over the previous year, when sales declined sharply, this sector still faces difficulties as a result of consumers’ shif...