J.C. Penney

Retailers closing stores in 2017: J.C. Penney, Sears, Kmart, Macy's

As online shopping gains more popularity, retail stores like Macy's and Sears are closing hundreds of storefronts and focusing on their presence on the internet. USA TODAY NETWORK<p>Is 2017 the death of retail as we know it?<p>Each day, it seems another beloved shopping icon is issuing bad news as …

eCommerce

Why Sears Stock Price Is Plunging

Sears is in a world of trouble, and it looks like its finally time for investors to give up on the struggling retailer.<p>Shares of Sears Holdings, …

Markets

Nike Investors Dump Shares After Tepid Sales Growth Stokes Concerns

Nike reported worse-than-expected sales in its latest quarter on Tuesday, as competition continues to weigh on its U.S. business.<p>Shares were down 6% on Wednesday.<p>The sportswear giant said revenue in its fiscal third quarter grew just 5% to $8.43 billion, which missed analyst estimates of $8.47 …

Markets

Retail CFOs Expect 5% Sales Growth This Year (M, JCP)

Retail chief financial officers expect a positive year for retail sales, driven – of course – by online sales, according to data from BDO’s 2017 …

eCommerce

Excerpts from recent South Dakota editorials

Capital Journal, Pierre, March 22<p>A look on the bright side of the J.C. Penney closure<p>Pierre is about to be short another major retailer.<p>It's through …

Fortune 500

Outlet Malls Skirt the Retail Industry's Blues

Internet shopping is reshaping the retail landscape and slamming mall operators. But one corner of the industry is thriving: outlet centers.<p>Buoyed by shoppers looking for discounted goods and bustling demand for space, owners of outlet centers are posting strong results in an otherwise bleak retail …

Real Estate

Sears, once a stalwart, has 'substantial doubt' about future

After years of mounting losses, the parent company of Sears and Kmart says there is "substantial doubt" about its financial viability.<p>"Our historical operating results indicate substantial doubt exists related to the company's ability to continue as a going concern," Sears Holdings said Tuesday in …

Business

Supermarkets step up to save dying suburban shopping malls

As department store anchors sink, will grocery stores fill the void?<p>As a Spencer Gifts-ogling child of the 1980s and Hot Topic-frequenting teenager …

Lifestyle

We went inside a JCPenney and saw why the company is struggling

JCPenney is closing 138 stores over the next couple of months because of slowing sales. The stores represent about 14% of the company's locations but account for just 5% of its sales. About 5,000 employees will lose their jobs as a result of the closures. We visited a JCPenney in New York City to …

Business

JCPenney CMO Heads To Hershey

• Chain Store Age, Tuesday, March 21, 2017 8 AM<p>The chief marketing officer of J.C. Penney is quitting the company after two years on the job. Mary Beth …

Advertising Industry

Target revamps stores for those in a rush, as well as those who like to ramble

NEW YORK — In a move to bring shoppers back to its stores, Target is embarking on an ambitious redesign aimed at helping people who need to dash in …

Denver

These Beloved Mall Stalwarts Are Closing A Lot Of Stores In 2017

We’re just a quarter of the way through 2017, but you might’ve noticed quite a few vacant storefronts in your local mall. There are already a pretty startling range of retailers have already shuttered a <i>lot</i> of locations (or plan to do so in the near future), according to <i>Forbes</i>. The 21 retailers that …

Markets

J.C. Penney Reveals Which 138 Stores Will Be Closing Soon

J.C. Penney will close a slew of stores in small towns, especially in the Midwest. But it's also downsizing in some competitive markets in the …

Business

What's On Our Radar, March 20, 2017

It’s a big week for Washington D.C. and the Trump administration. Here’s what’s on today’s agenda.<p>FBI Testifies<p>First up, FBI Director James Comey is set to testify on Capitol Hill over the investigation in to whether the Trump campaign had any ties to Russia, the election and its outcome. Also in …

Donald Trump

On last day, Westland Macy’s customers buy up fixtures

The company will close 68 stores in the spring

Detroit

JC Penney Stores Closure 2017: Full List Of Outlets Retailer Is Closing This Year

J.C. Penney released Friday the list of 138 stores it will be shutting down across the U.S. as a part of the company’s cost-cutting measures. The …

Markets

4 J.C. Penney stores in Wisconsin to close in nationwide reduction

Richland Center Mayor Paul Corcoran didn’t see it coming.<p>The J.C. Penney store in his community is one of four in Wisconsin, and 138 nationwide, …

Markets

Sheridan JCPenney among 138 store closures nationwide

The JCPenney store in Sheridan will be among 138 locations the retailer plans to close amid tough competition from online sales.<p>JCPenney got its …

Business

JCPenney Is Closing These 138 Stores: Texas, Minnesota Hit Hardest

Struggling department-store chain JCPenney (JCP) on Friday released a list of 138 upcoming store closures as part of a previously-announced plan to kick start growth and turn more focus to its e-commerce platforms.<p>With closures slated for 41 states, the biggest cuts are set to take place in Texas …

Business

JCPenney announces closure of seven Michigan stores

JCPenney released its list of 138 planned store closures nationwide, including seven Michigan stores. The closures are part of a plan to "optimize …

Markets

J.C. Penney updates on store closings

J.C. Penney (JCP -1.3%) releases the list of 138 stores and the one Florida supply chain it will be closing.<p>The company says 5K jobs will be impacted …

Business

JC Penney at the Boulevard mall to close

JC Penney at the Boulevard mall will be among the 138 stores in 40 states to close this year, the company announced today.<p>Most stores will begin …

Markets

JCP closures, prayer-room clash, seizure-tweet arrest: Your Friday evening news roundup

<i>Good evening. Here are some stories you may have missed today.</i><p>Do you want to get this roundup via email? Sign up for our newsletters here.<p>J.C. Penney …

Texas

These are the 138 JC Penney stores that are about to close

J.C. Penney <b>(JCP)</b> has released the list of 138 stores it plans to close in an effort to cut costs and grow sales at its strongest locations.<p>The …

Markets

JC Penney announces 1 N.J. store closure, lists 138 nationwide

The New Jersey store closure will affect about 35 employees, the company told NJ Advance Media in an email.MIDDLE TWP. - JC Penney announced it will …

Business Strategy

2 J.C. Penneys in Arkansas to close as company shutters more than 130 nationwide

J.C. Penney said Friday it will close two Arkansas locations as part of a larger plan to shutter 138 stores nationwide in order to improve profits …

Eight J.C. Penney stores in Minnesota are slated for closure

The stores are in small towns and cities around the state, with none in the Twin Cities metro area.

eCommerce

JCPenney store in Easton will close as retailer shutters 138 stores nationally

The JCPenney department store in Easton will close, likely by June, as part of the retailer's plans to shutter 138 stores nationally.<p>J.C. Penney Co. …

Markets

It’s March and Macy’s and JCPenney are still desperately trying to unload their Christmas sweaters

The snow is melting, the flowers are starting to bloom, and retailers like Macy's and JCPenney are still trying to convince customers to buy holiday sweaters.<p>On Thursday Kavita Kumar, a retail reporter at the Star Tribune, noted that Macy's was still trying to unload its holiday sweaters, …

Business

Why shoppers can expect Christmas-like deals at their local malls

With spring less than a week away, shoppers may be surprised to find Christmas-like sales at their local malls.<p>At the Marketplace Mall in Rochester, …

Business