JC Penney Company Inc

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US Q2 in brief: Finish Line, Zumiez, Cherokee, Gymboree Michelle Russell and Beth Wright | 25 Sep 15

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. 


JC Penney promotes Tighe to chief merchant Katie Smith | 23 Sep 15

US department store retailer JC Penney has promoted John Tighe to chief merchant as part of a wider reshuffle of its merchandising team.


PVH debuts “game changer” TekFit stretch-collar shirts Michelle Russell | 22 Sep 15

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.


IN THE MONEY: JC Penney reiterates focus on supply chain efficiency Michelle Russell | 19 Aug 15

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 of levers to help drive gross margin improvement.


JC Penney taps supply chain and omni-channel chiefs Katie Smith | 4 Aug 15

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 cautious on JC Penney Q1 loss Richard Woodard | 14 May 15

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.


Wal-Mart silent on Rana Plaza lawsuit Richard Woodard | 30 Apr 15

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.


IN THE MONEY: Omnichannel biggest opportunity for JC Penney Michelle Russell | 5 Mar 15

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 latest casualty to shutter stores Katie Smith | 30 Jan 15

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.


JC Penney to close 10 Foundry stores Michelle Russell | 27 Jan 15

Ailing US department store retailer JC Penney has closed ten of its The Foundry Big & Tall Supply Co. stores.


Outlook 2015: Challenges and opportunities Leonie Barrie | 15 Jan 15

One of the biggest challenges – and opportunities – facing the apparel industry in 2015 is how best to embrace the omni-channel retail model, improve the shopping experience, and respond with new supply chain solutions. The changing profile of consumers in Asia is also likely to impact consumption and production, while global compliance and factory safety will continue to be a focal point.


JC Penney 40-store closure to axe 2,250 jobs Katie Smith | 9 Jan 15

US department store retailer JC Penney has revealed it will close around 40 stores over the next year, resulting in 2,250 job cuts.


JC Penney hails holiday sales growth Katie Smith | 7 Jan 15

US department store retailer JC Penney has seen its share price spike, after hailing a solid performance over the holiday season and offering an optimistic outlook for the fourth-quarter.


Bangladesh: The road ahead on remediation Leonie Barrie | 19 Dec 14

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.


Top company strategic reviews of 2014 Michelle Russell | 17 Dec 14

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.


US textile and apparel trade and sourcing snapshot Michelle Russell | 26 Nov 14

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.


Lower costs shrink JC Penney Q3 loss Katie Smith | 13 Nov 14

US retail giant JC Penney saw its losses more than halve during the third quarter after lower expenses offset a slight fall in sales.


Former JC Penney CEO Johnson prepares tech start-up Michelle Russell | 28 Oct 14

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.


Top stories last week on just-style... Katie Smith | 20 Oct 14

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 Murphy's seven-year tenure at Gap.


UPDATE: New JC Penney CEO “credible but no solution” Michelle Russell | 16 Oct 14

The appointment of Marvin Ellison to the helm of department-store group JC Penney Company has been described as "a credible hire" but one that offers "no solution" to the retailer's tough structural issues.


JC Penney sets out three-year growth plan Richard Woodard | 9 Oct 14

Retail giant JC Penney Company has outlined plans it hopes will return the business to sustained and profitable growth at an analyst meeting in New York.


Alliance and Accord urged to harmonise efforts in Bangladesh Leonie Barrie | 19 Sep 14

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.


BANGLADESH: Apparel exports up marginally in July-August Siddique Islam | 16 Sep 14

Bangladesh's apparel exports edged up by 1.7% in the first two months of the current fiscal year as buyers continue to remain cautious following last year's factory safety issues and subsequent strikes and disruption as a pay rise was negotiated for apparel workers.


INTERVIEW: Hampshire Group CEO hails turnaround progress Leonie Barrie | 27 Aug 14

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.


IN THE MONEY: JC Penney emphasises new merchandising strategy Michelle Russell | 15 Aug 14

JC Penney has emphasised its commitment to moving back to a merchandising model marked by narrow and deep assortments, as it looks to build on the momentum created to date from its turnaround strategy.


US: JC Penney turnaround taking hold as Q2 losses narrow Michelle Russell | 15 Aug 14

JC Penney's turnaround strategy appears to be paying off after the US department store retailer revealed a lower second-quarter net loss and higher sales.


BANGLADESH: Woven garment exports tumble 4% in July Siddique Islam | 12 Aug 14

Bangladesh's woven garment exports fell by 4.14% in July amid a slowdown in shipments of apparel to markets such as the US following ongoing factory safety issues.


US: Worker safety pacts "not part" of Ralph Lauren strategy Katie Smith | 11 Aug 14

Luxury apparel giant Ralph Lauren Corporation has said becoming a member of one of two groups working to improve safety and working conditions in Bangladesh's textile industry is "not part" of its strategy.


ANALYSIS: Apparel retailers balance bricks and clicks Michelle Russell | 7 Aug 14

Where once retailers invested in e-commerce as an extension of their physical stores, an acceleration in shopping online means they are now seeking a sustainable balance between the two - in addition to adapting their supply chains in order not to lose out.


SOURCING: Alliance members buying more products from Bangladesh Leonie Barrie | 23 Jul 14

The group of North American brands and retailers - including Wal-Mart Stores, Gap Inc and VF Corporation - working to improve safety in Bangladesh's ready-made garment factories appears to be sourcing more products from the country as efforts to upgrade the industry take hold. But one year on, progress is "far from over", with the total cost likely to be in the region of $150m and take 12-18 another months to complete.

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