by Mike Duff | May 20, 2024 | Retail Articles
Earnings slid at JCPenney in the fiscal year ended February 3, 2024, with sales down if in a lesser way. Penney Intermediate Holdings reported a net income of $30 million versus $221 million in the year before. After a currency translation adjustment, income was $29...
by Mike Duff | Apr 17, 2024 | Retail Articles
JCPenney today announced the launch of a new loyalty program that allows consumer to sign up for free and offers a chance to meet National Basketball Association legend Shaquille O’Neal. The JCPenney Rewards and Credit Program is free and offers a simpler, more...
by Mike Duff | Apr 9, 2024 | Retail Articles
JCPenney has opened a new store in New Jersey after announcing a massive reinvestment program last year. The latest JC Penney store is at Willowbrook Mall in the town of Wayne, NJ. Other anchor retailers operating in the mall are Macy’s, Bloomingdale’s and BJ’s...
by Mike Duff | Feb 23, 2024 | Retail Articles
Warehouse clubs dominated the American Customer Satisfaction Index among general merchandise retailers, but Macy’s and Target were also among the leaders. Costco and Macy’s led all others with a satisfaction score of 82 with Target and Sam’s Club just behind at...
by Mike Duff | Feb 6, 2024 | Retail Articles
Mall and outlet operator Simon Property Group made gains in the fourth quarter and noted in a conference call that JCPenney, which it helped buy out of bankruptcy, is trending toward operational improvement. For the fourth quarter, company net income was $747.5...
