Headlines

A Penney Saved

Retailer says it will close 50 stores in an attempt to turn fortunes around

Published

23 years ago

January 24, 2001

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J.C.Penney Co. (Plano, Texas) has announced plans to close about 50 of its stores around the country this year, plus an undisclosed number of Eckerd Drug stores. It appears to be the first major move by the new Allen Questrom regime to reexamine and turn around the retail organization that has shown falling (and even minus) profits for five quarters in a row.

MasterClass: ‘Re-Sparkling’ Retail: Using Store Design to Build Trust, Faith and Brand Loyalty

HOW CAN WE EMPOWER and inspire senior leaders to see design as an investment for future retail growth? This session, led by retail design expert Ian Johnston from Quinine Design, explores how physical stores remain unmatched in the ability to build trust, faith, and loyalty with your customers, ultimately driving shareholder value.

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