US: JC Penney slides to Q1 loss in “tough” quarter
By Richard Woodard | 16 May 2012
The transformation of retailer JC Penney has hit early trouble after the company reported big losses for the first quarter, impacted by double-digit sales and comps declines.
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
UZBEKISTAN: Cotton ban gains momentum with apparel firms
More than 120 international apparel brands and retailers have now pledged to ban the use of cotton from Uzbekistan as part of efforts to stop the country using forced and child labor to harvest its cotton crop.
US: Ralph Lauren to axe Rugby brand
Luxury apparel business Ralph Lauren Corp has announced plans to discontinue operations for its Rugby label to drive growth.
HAITI: $300m industrial park opens for business
Haiti has been declared "open for business," after a $300m manufacturing park in the northern town of Caracol was last week inaugurated at a star-studded event attended by Secretary of State Hillary Clinton and former US President Bill Clinton, as well as actors Sean Penn and Ben Stiller, and fashion designer Donna Karan.
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...