J.C. Penney has made several appointments to its executive team, including in its home categories, as it continues to reinforce its growth initiatives.
In a company blog post, J.C. Penney said it is getting out of major appliances and cutting back on furniture operations as it reconsiders store layouts.
J.C. Penney is introducing a new private label brand, Peyton & Parker, developed to help moms create effortless yet coordinated styles for family and home.
Lowe’s has named Marvin Ellison president and CEO, effective July 2. He will also join Lowe’s board of directors at that time. Ellison succeeds Robert Niblock, who previously announced his intention to retire.
Following news that J.C. Penney would close its Wisconsin distribution center, the department store retailer is also shutting eight stores following a post-holiday review, according to a report from the Dallas Morning News.
J.C. Penney will close its Wauwatosa, WI, distribution center as part of an ongoing effort by the retailer to reduce its supply chain network that a spokesman said is “oversized” relative to the company’s national footprint.
Target is rolling out Ayesha Curry’s newly-launched line of cookware, bakeware and kitchen tools in October.
J.C. Penney is rolling out the Ayesha Curry cookware collection this fall to more than 600 stores. Curry developed the lifestyle oriented cookware and housewares line in partnership with Meyer Corp.
Housewares veterans like to remind everyone how the category historically has been a dependable business, prone to neither steep gains during economic booms nor steep declines during downturns.
Comparable store sales at J.C. Penney fell during the first quarter as officials with the retailer said a difficult selling environment in February had a negative impact on results for the three month period ended April 29.
They might not admit it now, but there were plenty of people in retailing rooting for Ron Johnson after he announced JC Penney’s plan to attract new customers with exclusive brands and experiences that wouldn’t need coupons and one-day sales as the primary bait.
J.C. Penney has completed the sale of its home office and surrounding 45 acres in Plano, TX, for a gross sale price of $353 million.
J.C. Penney is featuring small electrics and major appliances on the cover of its 72-page Black Friday circular, the retailer revealed in an exclusive preview for those that use its mobile app.
J.C. Penney Company has elected Paul Brown, chief executive officer of Arby’s Restaurant Group, to its board of directors.
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