JCPenney spending $1 billion on store, online upgrades in latest bid to revive business

Singapore News News

JCPenney spending $1 billion on store, online upgrades in latest bid to revive business
Singapore Latest News,Singapore Headlines
  • 📰 dallasnews
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 71%

JCPenney said Thursday it plans to spend more than $1 billion by the end of 2025 in a bid to revive the storied but troubled 121-year-old department store...

“Now is the time more than ever to lean into that and make sure that we’re delivering that experience for our customer,” Rosen said in an interview with The Associated Press. That’s a change of tactics from previous management teams that pursued wealthier shoppers with offers of trendy items and major appliances.

The company filed for bankruptcy reorganization in May 2020 after the pandemic-induced temporary closing of stores put the already struggling retailer deeper in peril. The retailer launched new store label brands like Mutual Weave men’s clothing and reintroduced some national brands like Adidas. It launched national labels such as Forever 21, owned by Authentic Brands Group LLC, which has a minority stake in JCPenney. It also teamed up with celebrity stylist Jason Bolden to recreate collections for two of its store label brands, J. Ferrar and Worthington, a long-time brand it brought back.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

dallasnews /  🏆 18. in US

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

JCPenney is spending $1 billion on store and online upgrades in latest bid to revive its businessJCPenney is spending $1 billion on store and online upgrades in latest bid to revive its businessJCPenney says it plans to spend more than $1 billion by the end of 2025 in a bid to revive the storied but troubled 121-year-old department store chain.
Read more »

JCPenney is spending $1 billion on store and online upgrades in latest bid to revive its businessJCPenney is spending $1 billion on store and online upgrades in latest bid to revive its businessJCPenney says it plans to spend more than $1 billion by the end of 2025 in a bid to revive the storied but troubled 121-year-old department store chain
Read more »

JCPenney is spending $1 billion on store and online upgrades in latest bid to revive its businessJCPenney is spending $1 billion on store and online upgrades in latest bid to revive its businessJCPenney says it plans to spend more than $1 billion by the end of 2025 in a bid to revive the storied but troubled 121-year-old department store chain.
Read more »

JCPenney is spending $1 billion on store and online upgrades in latest bid to revive its businessJCPenney is spending $1 billion on store and online upgrades in latest bid to revive its businessJCPenney says it plans to spend more than $1 billion by the end of 2025 in a bid to revive the storied but troubled 121-year-old department store chain.
Read more »

Panthers acquire WR Ihmir Smith-Marsette from the Chiefs for conditional 2025 7th-round draft pickPanthers acquire WR Ihmir Smith-Marsette from the Chiefs for conditional 2025 7th-round draft pickThe Carolina Panthers made a move to acquire wide receiver/returner Ihmir Smith-Marsette from the Kansas City Chiefs in a deal involving a swap of conditional 2025 seventh-round draft picks.
Read more »

Lincoln's First EV Could Debut In 2025 As A Three-Row CrossoverLincoln's First EV Could Debut In 2025 As A Three-Row CrossoverLincoln's future lineup is coming into focus as a new report says the Corsair will be killed, while the Aviator will be replaced by an EV
Read more »



Render Time: 2025-03-07 02:49:03