35 Burst results for "Jc Penney"

Stimulus And The Shopper

The Indicator from Planet Money

02:21 min | 3 months ago

Stimulus And The Shopper

"The coronavirus pandemic and recession and the employment crisis. That it brought did not hit everyone in the us economy equally and one of the clearest places we can see that is in the retail sector. Yeah so last year. Even as unemployment levels were the highest we'd seen since the great depression retail sales took off the hit an all time high record and that's partly because a lot of people who were able to keep their jobs but weren't necessarily able to travel or eat out or spend their money on those kinds of things started spending their money on stuff instead yes own sales spiked and also exercise equipment home office furniture electronics. Yeah outdoor furniture also. Took off and fire pits. Were selling out also food and cookware. Huge stuff for the kitchen and on a related note athletes or clothing. Saw a big bump you know people buying stretchy pants Stretch your paths more. Stretchy pants than i used to. They're comfortable they're comfortable and they accommodate all the extra food and do you know are changing. Lifestyle has changed what we bylik skin care. Products have done really well. I think because we're all steering visas on zoom all the time and it's not healthy. Oh it's not healthy and so then you end up spending like two hundred dollars on like makeup and face cream to try to like improve that experience yet. Not every retailer was flying high though it's been really lean times for some of them. A lot of small businesses closed their doors for example or just really struggled but some big businesses have also struggled j. crew neiman. Marcus guitar center. Jc penney gnc. I'm running out of breath all filed for bankruptcy and also last month. All of that spending everyone had been doing all that seemed to be kind of running out of steam retail. Sales started to dip of it now. Stimulus checks are arriving and a lot of retailers. Could see a boost. Fourteen hundred dollar stimulus checks are coming to most americans and that will put really desperately needed money into the hands of people to do things like pay rent buy food pay bills but also maybe buy some things. They've been waiting to get like for their home office for online school. Or maybe just for fun and this is a big deal because consumer spending people buying goods and services that makes up three quarters of the us economy. You might say so go shopping. So goes the

Marcus Guitar Center Penney Gnc Depression United States
Avon Rebrands Amid a Surge in Reps

Business Wars Daily

03:16 min | 5 months ago

Avon Rebrands Amid a Surge in Reps

"Month brought big changes to a beloved brand avon. I made a name for itself by offering housewives away to earn independent income by selling skin-care perfume and cosmetics from home but the iconic american company is no longer an independent corporation or based in america the household name cosmetics company is now to companies owned by two different international corporations south korean consumer products giant elgin household and health healthcare which bought avon's north american business and brazil's largest cosmetic company nature cosmetic os which bought the majority of the company in a deal that closed this month. Lg is also a significant investor in the net. Sure deal. it's another end of an era story which has been a familiar. Refrain of late for nearly a century and a half. Avon's presence has been a constant in the beauty sector. Now you'll say lights from the beginning. Avon was a trendsetter decades. Before american women had the right to vote avon founder. David h mcconnell gave them a chance to earn an independent living. Mcconnell was a traveling book salesman who offered perfume to his customers. As a perk. The perfume was so popular that he soon created his own product line in the late eighteen hundreds. He recruited women. He met during his book selling days. As the first quote avon ladies in the century that followed the company became a direct selling amazon with more than six million home-based representatives at its peak. But the beauty behemoth suffered an ugly fall in more recent years value plummeted from its peak of twenty billion dollars. The company struggled to keep pace with changing consumer tastes one forbes. Report blames the company's decline on a failure to adapt to the changing role of women in the workplace. An ill conceived plan to crack the retail sector in stores like sears in jc penney after well known ceo andrea junks. Ouster in twenty eleven one citigroup analysts said quote. You guys are so totally screwed up in. So many ways that change has to be radical a report in fortune recount. The company also failed to anticipate new competition. Both from companies like amazon and from upstarts like rodin and fields. That's the skin care. Brand behind the wildly popular. Acne treatment proactiv rodin and fields was purchased by estee lauder three years later and converted into a direct selling company. The brand now grosses more than a billion dollars a year. Largely because tech savvy. Soccer moms sell the lotions and serums to their pows by a social media but avon may win the beauty competition and the end. Direct sailings appeal has faded in the us. But it's still a popular concept in many other countries and the new international focus means avon can better capitalize on hot markets like the uk where pandemic job losses led to a one hundred percent surge in new rep sign ups last year and of course avon will still be doing business in its country of origin. So if you need glimmer sticks or skin so soft well fear not. They're still just a socially distanced. Quarter away

Elgin Household And Health Hea Avon David H Mcconnell Jc Penney Andrea Junks LG Mcconnell Brazil Amazon United States Citigroup Sears Estee Lauder Soccer UK
"jc penney" Discussed on Business Wars Daily

Business Wars Daily

04:08 min | 6 months ago

"jc penney" Discussed on Business Wars Daily

"Have been the most productive part of pennies credit. suisse analyst. Michael bonetti told industry publication retail dive. Naturally the last thing the struggling pennies wants to lose its golden goose especially as it attempts to emerge from bankruptcy after declaring chapter eleven protection in may but sephora hasn't been happy with its longtime partner and cast its longing i elsewhere in fact. Jc penney took sephora accord in may for attempting to leave at week reported the to came to what they say is an agreeable settlement that is sephora is honoring its commitment until the end of its contract in two thousand twenty three but the pair is still on the path to divorce in. The meantime sephora has made plans to move in with jc penney rival. Kohl's by twenty twenty three sephora and cold say there will be at least eight hundred. Fifty sephora stores within stores at kohl's nationwide retail dive because customers need to replenish makeup often in-store beauty departments help pulled in walk in traffic sephora. Could be a huge reason for customers especially younger ones to return to colds. Brick and mortar shops post pandemic. The move is particularly strategic now. Analysts say traditionally shoppers have purchased makeup. It mall based department stores but with malls dying beauty. Customers have fewer brick and mortar options. And they prefer one stop shopping. You know being able to buy makeup at the same store where you shop for clothes appliances and much more. Unlike jc penney cold stores are in suburban strip malls which will give sephora access to customers. It hasn't reached sephora. Stores tend to be an urban areas. Colds plans to make the partnership a big deal. The twenty five hundred square foot sephora departments will be placed prominently at the front of kohl's visible from outside and sometimes with their own entrances. The new colds tie up leaves. Jc penney out in the cold. The retailer is being sold. A mall landlords simon properties in brookfield asset management earlier. This month penny announced plans to start. Its own store within a store beauty concept to fill at sephora shaped holes. But that's not the only part of the streetfight worthy of a perfectly groomed raised eyebrow. The cold sephora partnership faces a much tougher competitor. Jc penney just last month targeted announced that it had successfully wooed ulta beauty to build stores within stores at target alta is of course a for his biggest rival so ken cole's compete with target by putting sephora up ulta. It certainly won't be easy during the pandemic colds share. Prices dropped almost thirty percent the company's now worth under six billion dollars according to cnbc in contrast target is booming. It's now worth about ninety billion dollars. Cnbc reports target plans to open about one hundred alta many stores nationally by the end of next year ultimately they plan to expand into hundreds of targets both target and kohl's are adding their respective beauty partners to their websites still the store within a store partnerships point out the existential facing strip mall department stores and that is post pandemic. How much in person shopping would we really do. Especially the younger women. Retailers are trying so hard to attract millennial gen z consumers. Were already used to quite a bit of online shopping. And the pandemic accelerated that trend. Furthermore with instagram and other online players pushing social commerce will any department store be able to woo these shoppers back inside. Nearly both kohl's and target believe they will time vaccine. We'll tell from wondering this business. Wars daily. Subscribe on apple podcasts. Spotify the one we app wherever. You're listening right now. Join wondering plus in wonder apt to listen ad free. I'm your host david brown. This episode was written and produced by elaine appleton. Grand edited by. Emma court are executive producers marshal. Louis created by non non lopez.

sephora Jc penney Michael bonetti suisse simon properties kohl colds Kohl ken cole brookfield ulta cnbc Cnbc instagram
"jc penney" Discussed on Business Wars Daily

Business Wars Daily

03:47 min | 6 months ago

"jc penney" Discussed on Business Wars Daily

"The beauty business can be pretty ugly. Consider the battle by department stores. Jc penney and kohl's for the affections of beauty brands sephora for the last fifteen years sephora has run stores within stores at jc penney. Those mini stores have been the most productive part of pennies credit. suisse analyst. Michael bonetti told industry publication retail dive. Naturally the last thing the struggling pennies wants to lose its golden goose especially as it attempts to emerge from bankruptcy after declaring chapter eleven protection in may but sephora hasn't been happy with its longtime partner and cast its longing i elsewhere in fact. Jc penney took sephora accord in may for attempting to leave at week reported the to came to what they say is an agreeable settlement that is sephora is honoring its commitment until the end of its contract in two thousand twenty three but the pair is still on the path to divorce in. The meantime sephora has made plans to move in with jc penney rival. Kohl's by twenty twenty three sephora and cold say there will be at least eight hundred. Fifty sephora stores within stores at kohl's nationwide retail dive because customers need to replenish makeup often in-store beauty departments help pulled in walk in traffic sephora. Could be a huge reason for customers especially younger ones to return to colds. Brick and mortar shops post pandemic. The move is particularly strategic now. Analysts say traditionally shoppers have purchased makeup. It mall based department stores but with malls dying beauty. Customers have fewer brick and mortar options. And they prefer one stop shopping. You know being able to buy makeup at the same store where you shop for clothes appliances and much more. Unlike jc penney cold stores are in suburban strip malls which will give sephora access to customers. It hasn't reached sephora. Stores tend to be an urban areas. Colds plans to make the partnership a big deal. The twenty five hundred square foot sephora departments will be placed prominently at the front of kohl's visible from outside and sometimes with their own entrances. The new colds tie up leaves. Jc penney out in the cold. The retailer is being sold. A mall landlords simon properties in brookfield asset management earlier. This month penny announced plans to start. Its own store within a store beauty concept to fill at sephora shaped holes. But that's not the only part of the streetfight worthy of a perfectly groomed raised eyebrow. The cold sephora partnership faces a much tougher competitor. Jc penney just last month targeted announced that it had successfully wooed ulta beauty to build stores within stores at target alta is of course a for his biggest rival so ken cole's compete with target by putting sephora up ulta. It certainly won't be easy during the pandemic colds share. Prices dropped almost thirty percent the company's now worth under six billion dollars according to cnbc in contrast target is booming. It's now worth about ninety billion dollars. Cnbc reports target plans to open about one hundred alta many stores nationally by the end of next year ultimately they plan to expand into hundreds of targets both target and kohl's are adding their respective beauty partners to their websites still the store within a store partnerships point out the existential facing strip mall department stores and that is post pandemic. How much in person shopping would we really do. Especially the younger women. Retailers are trying so hard to attract millennial gen z consumers. Were already used to quite a bit of online shopping. And the pandemic accelerated that trend. Furthermore with instagram and other online players pushing social commerce will any department store be able to woo these shoppers back inside. Nearly both kohl's and target believe they will time vaccine. We'll tell

sephora Jc penney Michael bonetti suisse simon properties kohl colds Kohl ken cole brookfield ulta cnbc Cnbc instagram
Sephora Says So-Long to J.C. Penney, Hello to Kohls

Business Wars Daily

03:47 min | 6 months ago

Sephora Says So-Long to J.C. Penney, Hello to Kohls

"The beauty business can be pretty ugly. Consider the battle by department stores. Jc penney and kohl's for the affections of beauty brands sephora for the last fifteen years sephora has run stores within stores at jc penney. Those mini stores have been the most productive part of pennies credit. suisse analyst. Michael bonetti told industry publication retail dive. Naturally the last thing the struggling pennies wants to lose its golden goose especially as it attempts to emerge from bankruptcy after declaring chapter eleven protection in may but sephora hasn't been happy with its longtime partner and cast its longing i elsewhere in fact. Jc penney took sephora accord in may for attempting to leave at week reported the to came to what they say is an agreeable settlement that is sephora is honoring its commitment until the end of its contract in two thousand twenty three but the pair is still on the path to divorce in. The meantime sephora has made plans to move in with jc penney rival. Kohl's by twenty twenty three sephora and cold say there will be at least eight hundred. Fifty sephora stores within stores at kohl's nationwide retail dive because customers need to replenish makeup often in-store beauty departments help pulled in walk in traffic sephora. Could be a huge reason for customers especially younger ones to return to colds. Brick and mortar shops post pandemic. The move is particularly strategic now. Analysts say traditionally shoppers have purchased makeup. It mall based department stores but with malls dying beauty. Customers have fewer brick and mortar options. And they prefer one stop shopping. You know being able to buy makeup at the same store where you shop for clothes appliances and much more. Unlike jc penney cold stores are in suburban strip malls which will give sephora access to customers. It hasn't reached sephora. Stores tend to be an urban areas. Colds plans to make the partnership a big deal. The twenty five hundred square foot sephora departments will be placed prominently at the front of kohl's visible from outside and sometimes with their own entrances. The new colds tie up leaves. Jc penney out in the cold. The retailer is being sold. A mall landlords simon properties in brookfield asset management earlier. This month penny announced plans to start. Its own store within a store beauty concept to fill at sephora shaped holes. But that's not the only part of the streetfight worthy of a perfectly groomed raised eyebrow. The cold sephora partnership faces a much tougher competitor. Jc penney just last month targeted announced that it had successfully wooed ulta beauty to build stores within stores at target alta is of course a for his biggest rival so ken cole's compete with target by putting sephora up ulta. It certainly won't be easy during the pandemic colds share. Prices dropped almost thirty percent the company's now worth under six billion dollars according to cnbc in contrast target is booming. It's now worth about ninety billion dollars. Cnbc reports target plans to open about one hundred alta many stores nationally by the end of next year ultimately they plan to expand into hundreds of targets both target and kohl's are adding their respective beauty partners to their websites still the store within a store partnerships point out the existential facing strip mall department stores and that is post pandemic. How much in person shopping would we really do. Especially the younger women. Retailers are trying so hard to attract millennial gen z consumers. Were already used to quite a bit of online shopping. And the pandemic accelerated that trend. Furthermore with instagram and other online players pushing social commerce will any department store be able to woo these shoppers back inside. Nearly both kohl's and target believe they will time vaccine. We'll tell

Sephora Jc Penney Michael Bonetti Kohl Penney Suisse Simon Properties Colds Ken Cole Brookfield Ulta Cnbc
US Bankruptcy Court Approves Sale of JC Penney

News, Traffic and Weather

00:14 sec | 7 months ago

US Bankruptcy Court Approves Sale of JC Penney

"The road back J. C. Penney is on track to emerge from bankruptcy by Thanksgiving now. That a court has approved. It sailed to Brookfield Asset Management and Simon Property Group, two of the nation's largest mall owners. Be seized area Aldinger, This is ABC News

J. C. Penney Brookfield Asset Management Simon Property Group Abc News
US bankruptcy court approves sale of J.C. Penney

Todd and Don

00:37 sec | 7 months ago

US bankruptcy court approves sale of J.C. Penney

"Store chain is exiting bankruptcy sooner than expected. Now that the bankruptcy court has approved the sale of J C penny to its landlord's, it could be out of bankruptcy by Thanksgiving, Brookfield Asset Management and Simon Property Group are buying the department store chain. Penny filed for Chapter 11 bankruptcy in May and plans to permanently closed nearly a third of its stores. In the next two years as part of its restructuring. The change will leave 600 stores remaining CEO Jill Salt. How says the company's goal from the beginning has been to ensure that J. C Penny will continue to serve customers for decades to come. GeneCo's

J C Penny Brookfield Asset Management Simon Property Group Jill Salt Penny J. C Penny
U.S. bankruptcy court approves sale of J.C. Penney

AP News Radio

00:43 sec | 7 months ago

U.S. bankruptcy court approves sale of J.C. Penney

"A bankruptcy court agreement has breathed new life into J. C. Penney stores the legacy retail chain is on track to emerge from bankruptcy by thanksgiving after a Texas court approved a purchase agreement involving J. C. Penney's two largest landlords Simon property group and Brookfield asset management along with its primary lenders about a third of the stores will close in a restructuring phase leaving six hundred locations still standing if the deal hadn't gone through this month the company would have had to go out of business but J. C. Penney still faces an uphill battle many people are staying home because of the pandemic and they're shopping online at discount stores hi Jackie Quinn

J. C. Penney Brookfield Asset Management Simon Property Group Texas Jackie Quinn
Take That, Target! Walmart Launches Hip Private Label Line

Business Wars Daily

04:03 min | 9 months ago

Take That, Target! Walmart Launches Hip Private Label Line

"A. From wondering I'm David Brown and this is business wars daily on this Thursday October I. It said that ninety percent of Americans live within ten miles of a Walmart. Now, if that's the case, why don't more people shop for clothes at the world's biggest retailer? Well, that's a question that Walmart's been trying to answer for years with limited success fifteen years ago. The company introduced a private label line and advertised in none other than vogue anybody remember that. No No. Thought. So well in the last few years Walmart has I'd competitor target with some Degree of envy as target has successfully launched several private label brands of Apparel Walmart however just hasn't been able to get out of the gate with its own apparel lines a few years ago it bought menswear brand bonobos, mud cloth, and plus sized women's wear brand eloquent since then it's sold MoD cloth and shrunk bonobos recording to retail reporter Daphne. Howland in two thousand eighteen. It also launched four private label lines and called itself a quote destination for apparel. While some of those private labels are doing well according to Ad Week for many shoppers that map lead elsewhere to this day most younger shoppers wooden named. Walmart. Apparel destination well, now Walmart is trying again last week the company launched a more upscale private label line of so-called modern essentials for men and women called Free Assembly. The line was designed by veteran of J. Crew Old Navy. Yes. bonobos Walmart says free assembly features. Classic pieces intended to be worn season after season in other words, a hip or take on fashion than the cheap generic jeans, t-shirts and athletes. Your Walmart is best known for. Initially, free assembly will be available online and in two hundred, Fifty Walmart stores according to week. The line ranges from men's carpenter jeans and flannel shirts to a structured forty-five Boyfriend Blazer for Women Free Assembly was designed for younger customers who don't already by their basics at Walmart a whole new crowd probably much like the one that shops at target and like will everyone who seeking affordable fashion on Walmart's enormous rival you know the one Amazon. have to Walmart persistence despite several failures, the company hasn't given up, but this time economic conditions have changed. So dramatically that its new apparel strategy just might actually succeed. I mean consider this some days. It seems like retailers fashion brands everywhere keeping bankruptcy attorneys and business last year seventeen major retailers declared bankruptcy according to retail dive so far this year twenty-seven have so many of these retailers but not all sell clothing from J., crew JC penney with so many apparel brands going out of business it leaves a big penny pinching for Walmart to scoop up if. And it's a big one. If it can out design target but targeted won't be easy to beat. It's apparel sales actually sank over the last few months in a week back to school shopping season. Could make that worse Wall Street Journal reporter Aaron Back Rights. But in both apparel and home target enjoys a reputation that Walmart has yet to achieve its private label brands are known for quality and design savvy back rights and that reputation sets it apart from dying department stores providing what back calls a moat against cutthroat competition from desperate retailers. Apart, from apparel sales both target and Walmart have profited as a result of the pandemic Walmart's e commerce revenues soared almost seventy five percent during the first quarter targets. Digital sales shot up one hundred, forty percent for the

Walmart Reporter David Brown Women Free Assembly Wall Street Journal J. Crew Old Navy Howland Jc Penney Aaron Back Daphne Amazon.
Mall Owners Simon and Brookfield to Rescue J.C. Penney

Morning News with Manda Factor and Gregg Hersholt

00:24 sec | 10 months ago

Mall Owners Simon and Brookfield to Rescue J.C. Penney

"C. Penny will stay open the retailer announcing today that it has struck a tentative deal with mall owners, Simon Property Group and Brookfield Property Partners, and that will save more than 600 stores from liquidation. J. C. Penney filed for Chapter 11 bankruptcy in May, after the pandemic worsened its struggles that it had been dealing with. If this deal goes through, the new owners will expect to take on about $500 million in debt at Home

Brookfield Property Partners Simon Property Group J. C. Penney C. Penny
Mall owners close to buying JC Penney out of bankruptcy

AP 24 Hour News

00:32 sec | 10 months ago

Mall owners close to buying JC Penney out of bankruptcy

"A plan in the works to try to save the remaining J. C. Penney stores. The deal is being negotiated between shopping mall owners Simon Property Group and Brookfield Property Partners and lawyers for J. C. Penney. The tentative plan to buy the ailing department store chain and save some 70,000 jobs was announced during a bankruptcy hearing. The 118 year old pennies filed for bankruptcy protection in mid May after pandemic related closers crushed the already struggling retail firm. Fine Jackie

J. C. Penney Brookfield Property Partners Simon Property Group Jackie
Mall owners close to buying JC Penney out of bankruptcy

AP News Radio

00:33 sec | 10 months ago

Mall owners close to buying JC Penney out of bankruptcy

"There's a plan in the works to try to save the remaining J. C. Penney stores the deal is being negotiated between shopping mall owner Simon property group and Brookfield property partners and lawyers for J. C. Penney the tentative plan to buy the ailing department store chain and save some seventy thousand jobs was announced during a bankruptcy hearing the one hundred eighteen year old panties filed for bankruptcy protection in mid may after pandemic related closures crush the already struggling retail firm hi Jackie Quinn

J. C. Penney Jackie Quinn Brookfield
J.C. Penney Landlords Nearing Deal to Buy Bankrupt Retailer

The Joe Piscopo Morning

00:18 sec | 11 months ago

J.C. Penney Landlords Nearing Deal to Buy Bankrupt Retailer

"A couple of mall owners air close to a deal to buy Penny out of bankruptcy. The Wall Street Journal says Simon Property group and book Field Partners are making a bid. Other bidders still have time to make an offer. To the bankruptcy court. Simon has also agreed to by Brooks Brothers out of bankruptcy with a partner authentic

Simon Property Group The Wall Street Journal Simon Brooks Brothers Field Partners Partner
Amazon to Turn Malls Into Fulfillment Centers?

Techmeme Ride Home

02:29 min | 11 months ago

Amazon to Turn Malls Into Fulfillment Centers?

"Amazon wants to literally take over malls. How exposed to China is apple. At the moment. Apple is literally doing legal battle with a pair an APP to help guide you on your psychedelic trips and why would personally be in the market for a foldable E. INC notebook. Here's what you missed today in the world of Tech. Are Telling The Wall Street Journal that Simon Property the biggest owner of malls in the United States has explored turning anchor stores previously occupied by department stores into fulfillment centers for Amazon, quote, the talks have focused on converting stores formerly or currently occupied by JC Penney and sears. The People said, the department store chains have both filed for chapter eleven, bankruptcy protection, and as part of their plans have been closing dozens of stores across the country. Simon. Malls have sixty three. Three. Penny and eleven, sears stores according to its most recent public filing in May for Amazon deal with Simon, would be consistent with its efforts to add more distribution hubs near residential areas to speed up the crucial last mile delivery. But for Simon, any deal to surrender prime space to Amazon would signal a break from a longtime business model for malls reliance on a large department store to draw foot traffic to neighboring shops and restaurants. Amazon, fulfillment centers wouldn't draw much. Foot traffic to them all though some employees could eat and shop at the mall. That's why landlords have preferred to replace department stores with other retailers, gyms, theaters, or entertainment operators. Yet, many of these tenants are struggling to survive during the pandemic and aren't in expansion mode and quote. Why not turn, them into hybrid fulfillment center. Slash pick-up center. Showroom spaces. Although as at epicurious deal said on twitter quote, interesting thought, but making malls originally designed to accommodate large inbound freight flows. But outsource last mile collection to consumers will require substantial costly outbound logistics infrastructure redesign. For example, malls have the parking lot real estate, but they don't have adequate outbound loading facilities most maybe all mall architecture is designed to capture and retain consumers. Distribution centers are designed to maximize throughput velocity and minimize goods dwell time. These design objectives are in a word incompatible and quote.

Amazon Simon Apple Jc Penney China Sears The Wall Street Journal United States Epicurious E. Inc Twitter
Amazon Reportedly Wants to Use Sears and J.C. Penney Stores as Fulfillment Centers

Techmeme Ride Home

02:05 min | 11 months ago

Amazon Reportedly Wants to Use Sears and J.C. Penney Stores as Fulfillment Centers

"Are Telling The Wall Street Journal that Simon Property the biggest owner of malls in the United States has explored turning anchor stores previously occupied by department stores into fulfillment centers for Amazon, quote, the talks have focused on converting stores formerly or currently occupied by JC Penney and sears. The People said, the department store chains have both filed for chapter eleven, bankruptcy protection, and as part of their plans have been closing dozens of stores across the country. Simon. Malls have sixty three. Three. Penny and eleven, sears stores according to its most recent public filing in May for Amazon deal with Simon, would be consistent with its efforts to add more distribution hubs near residential areas to speed up the crucial last mile delivery. But for Simon, any deal to surrender prime space to Amazon would signal a break from a longtime business model for malls reliance on a large department store to draw foot traffic to neighboring shops and restaurants. Amazon, fulfillment centers wouldn't draw much. Foot traffic to them all though some employees could eat and shop at the mall. That's why landlords have preferred to replace department stores with other retailers, gyms, theaters, or entertainment operators. Yet, many of these tenants are struggling to survive during the pandemic and aren't in expansion mode and quote. Why not turn, them into hybrid fulfillment center. Slash pick-up center. Showroom spaces. Although as at epicurious deal said on twitter quote, interesting thought, but making malls originally designed to accommodate large inbound freight flows. But outsource last mile collection to consumers will require substantial costly outbound logistics infrastructure redesign. For example, malls have the parking lot real estate, but they don't have adequate outbound loading facilities most maybe all mall architecture is designed to capture and retain consumers. Distribution centers are designed to maximize throughput velocity and minimize goods dwell time. These design objectives are in a word incompatible and quote.

Amazon Simon Jc Penney Sears The Wall Street Journal United States Epicurious Twitter
Brooks Brothers Bankruptcy: Nostalgia, Anger, and a Bidding War

Business Wars Daily

05:18 min | 11 months ago

Brooks Brothers Bankruptcy: Nostalgia, Anger, and a Bidding War

"The abandonment of the suit helps explain the struggles of one of America's most iconic fashion companies, brooks brothers, the two hundred two year old brand filed for bankruptcy protection on July eight sure blame cove nineteen, but now you'd be wrong. Suits with the three piece with Thai or skirts and high heels used to convey professionalism and competence, they served as symbols that you took your job seriously and respected your customers, the ones you were treating too expensive lunches, madman style, but even before the pandemic they'd become something of an anachronism. Most of us now see little to no relationship between the way we dress in our competence at work, think Mark Zuckerberg's hoodies. Indeed expensive suits can be viewed as a sign of elitism. Put it starkly. The corporate fashion code has gone by the wayside. Brooks brothers struggles represent a cultural shift, not just a Kobe tragedy. Brooks brothers famously dressed all but four presidents. It is the longest continuously operating fashion business in America and until this month it boasted about making its products in America the Brandon's three factories in the states in Massachusetts North, Carolina and New York. CEO Claude Delvecchio is planning to close those factories. We'll get to that in a minute. As you know, apparel sales have been decimated by pandemic closures in April nobody bought clothes whether from Brooks brothers or JC, Penney and other retail casualty, but did you know the actual numbers? Clothing sales fell almost ninety percent in April, according to retail dive, but brooks brothers began looking for a buyer about a year ago. The company operates five hundred stores two hundred of them in the US sales have been flat at about a billion dollars a year since twenty, seventeen, prior to the pandemic bankers estimated the company's value at three hundred to three hundred fifty million dollars. Figure Delvecchio disputed. As, I mentioned the company intends to close its three US factories later this month in the gritty industrial town of. Massachusetts home of its largest factory. Its largest immigrant workforce is being denied severance pay many of those workers, immigrants and refugees women from the Dominican Republic. Vietnam Burma and Nepal have made the company's fine clothing for years so far brooks isn't budging. Despite pleas from the union, and from members of Congress according to the Boston Globe in North Carolina, the factories, the only large employer in the little town of Garland closure would affect that town forever, mayor winifred. Hill, Murphy told The New York Times. In response, CEO, Del Vecchio, says for survival. We must hang onto as much cash as possible, but the globe reports that its chapter eleven filing includes plans to give compensation benefits, severance and bonuses totaling millions to other workers. Brooks brothers will transform, but unlike many of its retail brethren its survival is not in question. In fact, at least one bidder for the company believes it can earn annual revenue of three billion dollars within five years more than triple its current sales, so many buyers are vying for the brand at both the Wall Street Journal and Bloomberg used the phrase the races on those making bids. Bids Include Mall Company Simon, property, group, authentic brands, group and W. H. P. Global another bidder is a group of Italian. Investors led by a company called GIO which typically helps fashion companies improve their online presences. The Wall Street Journal possibly with tongue firmly in cheek, considering the state cut of Brooks brothers clothing says Julia wants to quote introduced some European flair to the quintessential American brand. Julia's clients include Armani Maxmara and other designers. Brooks brothers is accepting bids through August fifth, so brooks will survive, but what about it's cheaper? Rival men's warehouse tailored brands which owns men's warehouse and the more upscale Joseph. A. Bank plans to close at least a third of its fifteen hundred stores. It said this month it hasn't filed for chapter eleven protection, but it came close according to CNN. That threat remains even after it stores reopened. Sales have been falling. They were down about eighty percent at Joseph A. Bank in the first week of June, as we all continue to do business in Pajama Pants as we all know nostalgia sells Joseph A. Bank doesn't have nearly the name or the history of Brooks brothers, which drips with nostalgia. Teddy Roosevelt apparently insisted his rough riders. Riders wear the Brand Abe. Lincoln was also a brooks brothers customer, one reason for the bidding war beyond what is sure to be the lowest price anyone ever imagined for the stalwart brand. Is What author Lisa Burn? Bach believes about Fashions Post. Pandemic Future Birnbaum who authored the twenty ten book true. Prep argues that the company must be saved after the pandemic finally end, she writes. There will be weddings. There will be funerals. There will be. We hope live operas and theatre and premieres in concerts and fancy dress parties. Where we can't predict the future, but we can observe the present, and what's happening to upscale apparel in the US. WHO's buying it and WHO's making it. Reveals a lot about our rapidly changing an enormously conflicted culture.

Brooks Brothers Brooks United States America Ceo Claude Delvecchio Mark Zuckerberg Julia Dominican Republic Massachusetts CEO Teddy Roosevelt The Wall Street Journal Joseph A. Bank CNN Burma Congress North Carolina Joseph
Is Macy's Stock A Buy Ahead Of Reopenings? Here's What Earnings Show

MarketFoolery

02:21 min | 1 year ago

Is Macy's Stock A Buy Ahead Of Reopenings? Here's What Earnings Show

"Macy's is scheduled to come out with their first quarter report in a few weeks, but Preliminary results out today. Indicating macy's loss is going to be a little smaller than Wall Street was expecting. They've also raised four and a half billion dollars in debt to help shore up the balance sheet so. What do you think, Jason? It's? It's a little better for macy's. Yes, yeah I mean it. It is better in the sense that they bought themselves some more time. We always talk about, it's tough to use debt to get yourself out of debt in. Some, point down the line is gonNA. They're gonNA. Figure out how to reconcile that, but for now. I mean this does by the. Time which is really what they need most of. In a very close second is shoppers right? But I mean you go back a year? Okay, go back a year from from today we were talking about macy's and the challenges business was facing well before the pandemic ever hit. I mean at that point from two thousand fifteen on top line revenue had fallen eleven percent. Net income had fallen thirty three percent earnings per share were down twenty two percent, and then they burn through a considerable amount of cash long way round seventy percent of their cash balance. They burn through since two thousand fifteen as well so I mean. This was a business facing a lot of challenges a year ago. Fast forward today, and clearly those challenges have only grown. It's hard to imagine I. Mean we've talked this. JC Penney for so long. Does the world really need? JC? Penney mean we can ask the same thing. Does the world really need? macy's I mean I. Don't know if it really needs it. I I do feel like maybe there's. There's a bit bit more of a spot for macy's in our retail landscape. Here and I am hopeful. That management is able to weather the storm but I mean I it. It is going to be a monumental task. Going forward in, you know we still don't know how this This coming fall is really gonNA shake out I mean there are there is a there's enough uncertainty i. think in regard to what the fall season is gonNA. Look like here. As far as the pandemic goes, if we can get through the fall season with with relatively a mild conditions, this holiday season is going to be a pivotal time for macy's one where they can really capitalize, but for now yeah I, mean.

Macy Jc Penney Jason
JCPenney to close 150+ stores nationwide

Home Fix It Show

00:32 sec | 1 year ago

JCPenney to close 150+ stores nationwide

"Now one of the casualties of the coronavirus lockdown JC Penney saying it's closing a hundred and fifty stores some of them right here in Georgia of the one hundred fifty four stores J. C. Penney plans to close at seven over in Georgia among them locations at north lake mall in Atlanta Arbor place mall in Douglasville and lake shore mall in Gainesville the company's website says the stores will hold a store closing sales beginning June twelfth at lasting from ten to sixteen weeks J. C. Penney says the decision as part of its plan to emerge from both chapter eleven and the covert nineteen pandemic as a stronger

Georgia J. C. Penney Douglasville Gainesville Atlanta Arbor
Banks are Cutting Their Risk By Cutting Your Credit Card Limits

Business Wars Daily

04:22 min | 1 year ago

Banks are Cutting Their Risk By Cutting Your Credit Card Limits

"On this Wednesday may twentieth. Hey have you applied for a new credit card in the last couple of months if so and if you've had trouble getting approved well you're in good company? Given all the financial uncertainty were experiencing right. Now banks are nervous so they're making it much tougher to qualify for new cards to avoid taking on customers. Who may not be able to pay their bills. According to the Saint Louis Federal Reserve forty percent of. Us Bank say. They're getting choosier about who they lend money to. Where that's issuing credit cards or personal loans? That's the biggest pull back in lending since two thousand nine. According to see net among the biggest lenders to play defense this way discover financial services apply for a discover card. And you'll find the company verifying your employment not just your credit score and if you are approved your credit limit may well be less than you'd hope for on recent earnings called discover CEO. Roger Hawks Trial said the company's taking these and other steps to quote curtail risk to put it more plainly discover and other financial institutions. WanNa make sure they don't get saddled with too much. Unpaid debt pre pandemic discover had been growing steadily and profitably twenty. Nineteen was a good year and the company was expecting twenty twenty to be even better instead. Discover lost about sixty million dollars in the first quarter of this year and its future like the future of so many other businesses is clearly uncertain which is to say things may not be any easier at the other major credit card companies both city and capital. One say they are also tightening up credit requirements C net reports. Okay so maybe you can't get a new card and you haven't seen one of those zero balanced transfer offers that to flood your mailbox in months but that's not all. Some companies are reducing credit limits for existing customers. It's happening a lot one out of four American credit card users. That's fifty million. People have had their credit limits slashed on at least one card in the previous thirty days some have even had an account closed. That's according to a survey by compare cards a service owned by lending tree. Those changes are hitting Gen Z. Millennials and Gen xers equally according to see net. Apparently baby boomers are being spared so far. This is a tough thing to have happened. If you've just lost your job or you expect to and it often comes as a rather ugly surprise credit cards dot com analysts had rosman told Marketwatch. Most people don't realize how much freedom credit card issuers have to cut limits or even cancel cards without warning companies that acknowledged they're assessing credit limits. Include Wells Fargo. Us Bank in American Express and American Express spokesperson told Marketwatch that the company is based in credit limits on quote real time. Evaluations of a person's financial help so too is synchrony financial which issue store credit cards including JC Penney. Gap and American Eagle outfitters discovers. Roger Hawks child however is expressly said the company is not slashing credit limits or closing inactive accounts given the millions of Americans who are now jobless hawks trial call those actions challenging according to Bloomberg. Pulling away credit. When they need it most can have tremendously adverse impacts hawks trial set indeed. Many people rely on credit cards as emergency funds in April about a month into lockdowns about forty seven percent of Americans had credit card debt. That's up four points from March. According to a survey by CREDIT CARDS DOT COM and having your credit limit reduced or a card cancelled can hurt your credit score. Even as news rolls out about the new challenges of getting and keeping credit banks are also enrolling people in programs intended to help almost half a million discover account holders signed up for its skip a payment program. Those account holders have balances of more than three and a half billion dollars altogether. Yes you heard that right. Billion WITH A B. Other issuers are also

Roger Hawks Us Bank Marketwatch American Express Saint Louis Federal Reserve American Eagle Outfitters Jc Penney Hawks CEO Rosman Bloomberg
JC Penney plans to close more than 240 stores

Colorado's Morning News with April Zesbaugh and Marty Lenz

00:23 sec | 1 year ago

JC Penney plans to close more than 240 stores

"Crisis we're not learning just how many stores J. C. Penney plans to close after filing for bankruptcy last week the retailer filed papers saying that nearly thirty percent of its eight hundred forty six locations will shut down by the next fiscal year nearly two hundred are expected to close this year with another fifty following the following year no word yet on exactly which stores are closing

J. C. Penney
"jc penney" Discussed on Marketplace Morning Report with David Brancaccio

Marketplace Morning Report with David Brancaccio

02:40 min | 1 year ago

"jc penney" Discussed on Marketplace Morning Report with David Brancaccio

"<Music> <Music> <Music> <Music> <Music> <Music> <Music> <Music> <Music> <Music> <Music> <Music> <Music> <Music> This <Speech_Male> week we'll hear about <Speech_Male> how some of the biggest <Speech_Male> retailers <Speech_Male> have been doing <Speech_Male> throughout the pandemic <Speech_Male> one of them is Walmart <Speech_Male> which reports quarterly <Speech_Male> earnings. On Tuesday <Speech_Male> the company <Speech_Male> stores have stayed <Speech_Male> opened throughout <Speech_Male> the crisis. Giving it a front <Speech_Male> row seats on <Speech_Telephony_Male> how our <Speech_Male> shopping habits have <Speech_Male> changed. Marketplace's <Speech_Male> Justin <SpeakerChange> Ho <Speech_Male> has more <Speech_Male> one of the brightest <Speech_Male> spots of Walmart's business <Speech_Male> has been curbside <Speech_Male> pickup. <Speech_Male> A service where customers <Speech_Male> order things online <Speech_Male> drive to the store <Speech_Male> in wait while <Speech_Male> a worker <SpeakerChange> loads everything <Speech_Female> into their trunks <Speech_Female> and that <Speech_Female> during Cova <Speech_Male> has just accelerated. <Speech_Male> That's <Speech_Male> later an who follows <Speech_Male> Walmart for the research <Speech_Male> firm Kantar <Speech_Male> Duran says <Speech_Male> curbside. Pickup <Speech_Male> gotten huge because <Speech_Male> people are using the <Speech_Male> risk to buy groceries. <Speech_Male> That's an <Speech_Male> area where Walmart <SpeakerChange> already <Speech_Male> dominates. <Speech_Female> We show <Speech_Female> that half of all <Speech_Female> as online <Speech_Female> grocery. Shoppers <Speech_Female> are using Walmart <Speech_Female> for their <Speech_Female> online <SpeakerChange> grocery <Speech_Male> orders. Walmart <Speech_Male> success with curbside. <Speech_Male> Pickup comes <Speech_Male> with costs. <Speech_Male> Charlie O'Shea Moody <Speech_Male> says Labor is a big <Speech_Male> one. It's <Speech_Male> manually intensive <Speech_Male> process for workers <Speech_Male> to pick out and <Speech_Male> scan hundreds <SpeakerChange> of <Speech_Male> grocery products. <Speech_Telephony_Male> You'll see the employees <Speech_Telephony_Male> standing in front <Speech_Telephony_Male> of the Shelf. <Speech_Telephony_Male> Kinda scratching their head <Speech_Telephony_Male> every so often. Right which <Speech_Telephony_Male> one of these and all <Speech_Telephony_Male> we don't <SpeakerChange> have it. <Speech_Telephony_Male> What do I substitute? <Speech_Male> Groceries also carry <Speech_Male> lower margins <Speech_Male> than the other products. <Speech_Male> Walmart sells <Speech_Male> like barbecues bikes <Speech_Male> or clothes <Speech_Male> on Friday. <Speech_Male> The government said apparel <Speech_Male> sales dropped <Speech_Male> eighty percents last <Speech_Male> month. Oj <Speech_Male> says the crisis <Speech_Male> is changing. <SpeakerChange> The Way Walmart <Speech_Male> makes money. <Speech_Telephony_Male> You're going to see just <Speech_Telephony_Male> absolutely blowout <Speech_Telephony_Male> sales. <Speech_Telephony_Male> In you know <Speech_Telephony_Male> food consumable <Speech_Telephony_Male> you <Speech_Telephony_Male> will see obvious. <Speech_Telephony_Male> Softness in <Speech_Telephony_Male> <SpeakerChange> discretionary <Speech_Telephony_Male> categories curbside. <Speech_Male> Pickup has one <Speech_Male> big advantage for <Speech_Male> Walmart. And it doesn't <Speech_Male> have to deliver those groceries <Speech_Male> to your house. <Speech_Male> Brian Yarbrough <Speech_Male> consumer research <Speech_Male> analyst at Edward <Speech_Male> Jones. He <Speech_Male> says curbside pickup <Speech_Male> is more profitable <Speech_Male> for retailers than online <Speech_Male> delivery it's <Speech_Telephony_Male> shipping cost <Speech_Telephony_Male> and the free shipping <Speech_Telephony_Male> that <SpeakerChange> really <Speech_Telephony_Male> eat all the margins. <Speech_Male> Yarbrough says <Speech_Male> the pandemic is pushing <Speech_Male> more customers toward <Speech_Male> online delivery <Speech_Male> to while <Speech_Male> Walmart loses <Speech_Male> money delivering products <Speech_Male> to customers. <Speech_Male> He says it <SpeakerChange> can still <Speech_Male> benefit for Walmart <Speech_Telephony_Male> and combat gaining <Speech_Telephony_Male> market share and gaining <Speech_Male> new customers <Speech_Telephony_Male> and offering <SpeakerChange> the option. <Speech_Male> He says <Speech_Male> what remains to be seen <Speech_Male> is whether those new <Speech_Male> customers continue <Speech_Male> to shop at Walmart <Speech_Male> when the pandemic comes <Speech_Music_Male> <Advertisement> down. I'm <Speech_Music_Male> <Advertisement> just an Ho- for <Speech_Music_Male> <Advertisement> marketplace <Speech_Music_Male> <Advertisement> and <Speech_Music_Male> <Advertisement> in New York. I'm <Speech_Music_Male> <Advertisement> three you're <Speech_Music_Male> <Advertisement> with the marketplace <Speech_Music_Male> <SpeakerChange> morning report <Music>

"jc penney" Discussed on Marketplace Morning Report with David Brancaccio

Marketplace Morning Report with David Brancaccio

04:05 min | 1 year ago

"jc penney" Discussed on Marketplace Morning Report with David Brancaccio

"Jay Powell has been sending a message low key but a message in a speech last week and interview with CBS sixty minutes. He's basically said recovery is going to be a while and the government needs to do more to help see the country through this economic crisis. Julia Coronado is founder of macro policy perspectives and is a member of the Economic Advisory Panel of the Federal Reserve Bank of New York. Hey Julia so chairman Powell. He said you know this idea of v-shaped recovery not going to happen. What IS RECOVERY. GonNa look like. According to the chair. The chair thought that it's reasonable possible that we could resume growing In the second half of the year and he had a optimism over the medium term for the US economy. But he did feel that. It's GonNa take some time to get back to normal. The Federal Reserve has already done a lot. It's injected trillions of dollars worth of liquidity into the economy it's lending to businesses chair. Paul said defied could do more. I mean Kenneth. Oh Cheer Powell said that the Fed's power to lend is unlimited so it can continue to lend through these facilities. It's creating as much as it needs to. He did distinguish between lending and spending. The Fed can lend money but it can't give money out. Only the federal government can do that and he's suggesting the federal government needs to do more of it. Well Cheer Talents. Very careful not to cross the line between the independence of the Fed and the federal government's decisions But basically by saying it's not going to be a D shaped recovery and letting us know the limits of his powers. It's a message to Congress that yes they should do more They're probably going to need to do more to bridge. This gap of what he said three to six months and prevent unnecessary defaults amongst businesses amongst households and among state and local government Julia Coronado founder of macropolicy perspectives. Thanks so much. My pleasure. Markets. Meanwhile have gotten a jolt of about the. Future Biotech company MODERNA reported success in an early stage Corona virus vaccine trial at reported its vaccine successfully caused all forty five participants to produce binding antibodies at levels seen in patients who had recovered from Covet nineteen and that has pushed stocks up this morning. Let's take a look. The Dow Jones Industrial Average is up seven hundred and six points that is three percent the S. P. Five hundred is up two point four percent. The Nasdaq up. Two percent. The ten year Treasury yield is rising at point six nine percent now for now as we all know hardly. Any of us are out there shopping and for some already struggling stores. This was just too much on Friday. Jc Penney became several major retailers to declare bankruptcy. This has people wondering if more stores are GonNa Follow Marketplace's Jasmine Garsten reports Neiman Marcus J. crew and now JC penney have all declared bankruptcy. Pandemic has dealt a major blow to retail but even when the economy was booming these businesses struggled. They had crushing debt and too many brick and mortar stores at a time when people shop online experts. Say the lesson is if you can't do well during good times you'll fall quick during the bad ones Professor Erik. Gordon is what the University of Michigan the pandemic didn't put these companies out of business these companies. They were going down the drain before the pandemic. So you have to stay up to date. These are retailers fell behind the Times. And we're having trouble catching up. Gordon says we can expect more closures and bankruptcy filings. All eyes are on other industry. Giants like nordstroms which has already permanently shuttered down over a dozen locations. That's bad news for retail workers. Tens of thousands have been furloughed and more layoffs are expected. I'm Jasmine Garza for marketplace..

Jay Powell Federal Reserve federal government Julia Coronado Times Federal Reserve Bank of New Yo Jc Penney founder Gordon CBS Jasmine Garza US Economic Advisory Panel chairman Congress Kenneth MODERNA Paul
"jc penney" Discussed on QUEERY with Cameron Esposito

QUEERY with Cameron Esposito

02:21 min | 2 years ago

"jc penney" Discussed on QUEERY with Cameron Esposito

"Raise your game with ns acts by michael stray an athletic inspired functional pieces designed for guys end boys who are always on the go available exclusively at jc penney for working out playing golf or just relaxing am fx by michael stray stray hand has got you covered with basic pants shorts shirts sweatshirts and outerwear big and tall end boise's sizes too am sx by michael stray hand as available exclusively at jc penney you can go to jcp dot com this is a show about individual experience and too am sx by michael stray hand as available exclusively at jc penney you can go to jcp dot com this is a show about individual experience and personal identity there may be times when folks use identifying words or phrases that don't feel right to that's part of what we're exploring here please listen with an open heart and as always i welcome your plate engaged feedback and i encourage courage you to continue the conversation and you're only in which owns community welcome degree this this week's guest is ryan o'connell what a sweetheart got a new show netflix called special watched the whole damn thing please enjoy this chat also if you were in montreal i will be coming coming to you're city from a the eighteenth through the twenty fourth i wonder how he got also if you live in dublin i will be in your city from the twenty fifth through the twenty seventh and so as you come here from what i've just described i've made a mistake or the people do my bookings have because i'm going to be performing in montreal july twenty fourth and then in dublin on july twenty fifth which means i am going straight from one show tuesday airport landing in a different country and then going to another show from there and this is the level of dedication slash mistake hurry but i bring to the comedy so see you in iser montreal or dublin to bill no no no we treat yourself i would have guessed introduce themselves sure i'm

jc penney golf boise ryan o'connell netflix dublin iser montreal michael montreal twenty fifth
"jc penney" Discussed on WSJ What's News

WSJ What's News

03:37 min | 2 years ago

"jc penney" Discussed on WSJ What's News

"You might know ADP is the biggest name in payroll. But that's just the beginning because ADP is transforming the way great work gets done with HR talent time benefits and payroll informed by data and designed for people, that's ADP always designing for people. JC penney. And Kohl's the latest retailers to report earnings both saw a decline in sales in the latest quarter. Joining me now with more details is Wall Street Journal reporter, Suzanne cap ner, Suzanne. Well, both of these companies saw declines different factors were at play for each of them. What can you tell us about what led to the sales declines for JC Penney and Kohl's the big surprise was Kohl's, which had been doing pretty well for most of last year? They started to see things slow a bit in the fourth quarter, and then slowed much more in the first quarter of this year. They blamed it on weather and the fact that some of their competitors were a lot more promotional. So they're going to step up their promotions. And they've got some initiatives that they hope will get the sales growing again, later in the year, for instance, there, they have a partnership with Amazon, where you can return items bought on Amazon to any coal store by July. You'll be able to do that with penny, you know, they've been just in the dumper for long longtime, they've gone through many. Many management changes. They've, you know, since the days of Ron Johnson, the former apple exact who tried to really overhaul that company, they haven't been able to find their footing. They have yet, anew CEO in place, who is just trying to do get some of the basic things right? Like the ordering the right goods marketing them the right way, having, you know, not having too much inventory, and she hasn't fully outlined, what her big strategic vision is for the company yet. So we'll have to wait and see. But that, you know, that has been they've been they've been hurting, and they continued to hurt, but close was the reversal that kind of caught everybody by surprise when we look at other recent retail earnings, WalMart and Macy's both reported growing sales. What's hoped those retailers? Stay ahead of the curve that others haven't been doing. I mean, WalMart's been very aggressive in trying to be competitive with Amazon, you know, they bought jet, they've bought, you know, a whole bunch of companies. They've been spending a lot of money fixing up their stores. Macy's also has been you know, trying. All sorts of new ideas. They bought this company story that they're you know, incorporating into their stores, where like the, the format changes every four to six weeks, the product and the female changes over there, trying to just make their stores, a lot, more exciting. And so they're starting to see a little bit of traction there. And then, you know, of course, the big winner today was TJ X, which owns the TJ Maxx, marshalls discount chains. And they just continued to take share from all the other apparel sellers, their same store. Sales were up five percent you know, every quarter they seem to grow, even more. And you know, it's just they offer this amazing value. You know that's really the name of the game today. What about the ongoing threat of tariffs, we heard from Macy's when they reported earnings that another round could impact the furniture business. What are you hearing from retailers overall about the threat of tariffs? Well, they're obviously all very concerned, and the, the increase recently on the third tranche to twenty five percent from ten percent is starting to eat into. Margin's Cole said, but the big game changer for most retailers will be if this fourth tranche goes into effect that would cover all Chinese imports. And that's what they're all sort of gearing up for they're talking to their suppliers about shifting production out of China. What goods could withstand a price increase. What couldn't what are there any lines? They might have to stop selling. This is like the work..

JC penney Macy ADP Amazon Kohl WalMart Suzanne cap ner TJ Maxx Ron Johnson Wall Street Journal apple CEO China reporter Cole twenty five percent five percent ten percent six weeks
"jc penney" Discussed on WSJ What's News

WSJ What's News

03:01 min | 2 years ago

"jc penney" Discussed on WSJ What's News

"Reporter Suzanne cap ner, Suzanne JC Penney says net sales fell ten percent in the quarter ending for Borys. Second. The company has also been undergoing management changes are the latest losses showing a further downward trend for the retailer. Yes, definitely it was a marked decline in the latest period and it also stands out because other retailers have done reasonably well during the holiday season, WalMart TJ Maxx, parent best buy, you know, there are numerous numerous retailers that did have a good holiday shopping season. So for penny to report these levels of declines is quite notable. Besides closing certain locations, how JC Penney working to change its business model to. Keep up with consumers who are shifting their shopping habits. Well, in some ways, it's like JC Penney. Redux they're really just trying to get back to some basic retailing principles like stocking the right merchandise being able to cleared out in a timely fashion pricing correctly. The CEO said, you know, she just really needs to get back to the, you know, the basic tenants of retailing. That's how far behind they. Are they need to really do that before they can start innovating? Although she did say she's trying to work on parallel tracks because they really, you know, they don't have all that much time to get things turned around part of the changes that JC Penney had undergone was shutting its private label brands that was under former apple executive Ron Johnson. Who's since left JC Penney. How they've been doing since then in terms of getting back to the core of what the businesses. Well, subsequent leaders did bring back those brands and they also brought back the promotions, you know, the discounts that penny customers go there for. And but you know, the damage was done. And once you lose a billion dollars in sales. It's very hard to get it back today. It's so competitive out there. So even though they sort of reinstated. Some of those things they're still suffering from from that mistake, and what does JC Penney dealing with in terms of debt? They've got about four billion in debt. You know, it does seem like they have sufficiently quitted for the time being. But you know, as they said, you can't cut your way to prosperity. They've got to figure out how to grow sales if they're going to survive, Suzanne, we've seen a lot of traditional retailers fall on hard times, not just in recent months, but over the past several years, including one of JC Penney's rivals here. Sears shoppers must be wondering if the writings also on the wall for JC Penney. You know, it's certainly a fair question. And it's a little too soon to know the answer. But you know, the clock is ticking for them and this new CEO really needs to figure out how to get people back in the store. She needs to be able to define what J C Penney stands for today because it's really lost a little. Bit of its identity, and you know, give people a reason to go there versus all the other choices. They have out there today. That's Wall Street Journal. Reporter Suzanne cap ner. Joining us in our studio with the latest news from JC Penney. Suzanne thank you so much. Thanks for having me. And that's what's news. I'm Anne Marie for totally in New York for the Wall Street Journal.

Suzanne JC Penney J C Penney Suzanne cap ner Suzanne Wall Street Journal Reporter CEO Suzanne cap Borys Anne Marie Ron Johnson apple New York Sears executive billion dollars ten percent
"jc penney" Discussed on KIIS 102.7

KIIS 102.7

02:34 min | 2 years ago

"jc penney" Discussed on KIIS 102.7

"Every time I guess having failed. I really want to say that. Now. I wanna stand. I wanna let you. JC penney. Yeah. Good..

JC penney
"jc penney" Discussed on First Take

First Take

04:27 min | 2 years ago

"jc penney" Discussed on First Take

"What's going on everybody. I'm Molly cairn. You're listening to the first take podcast brought to you by JC Penney guys and JC Penney. You can find all the great looks whether you're in office or on the go. Please raise your game with the collection by Michael Strahan or relax. Look good on the weekend with MSMX by Michael Strahan exclusively at JC Penney JC Penney style and value for all. I think smoking always affected my daily life because I was a closet smoker. It really sort of controlled my entire day. My boss is the one that recommended jewel, so I decided to give it a try. You don't get any of the odor of smoking. There's no ash all over your car. I would say give it a try, get the flavor and satisfaction of smoking without the mess of cigarette. Asher lingering odor switch to Joel check j. u. l. dot com. Slash sports if you don't smoke, Vate, don't start warning. This product contains nicotine nicotine, addicted chemical. What's going on everybody coming up. I take. Yes, it's true. It's your truly Stephen, a Smith out MENA house sitting in Mali would she's often today. We don't know where she is. What I'm sure she's killing and Tobia, right? The rookie himself will not speak until spoken to introduce that. You don't speak yet and Los Angeles, California. Note the bride's, they're the one and only max Kellerman what's going on. Gentlemen, good morning. How you both. You may speak, well, let me get something straight. All right. How were you up? No, I'm gonna take my tongue. Excuse me. Have sat in this seat. Max's sat in that seat. I have sat in that seat. So today, let's be very clear about who the rookie is. First of all you, my friend are the rookie euro. But I'm far more gifted than you sit back and by the way next time we a blue tie. Instead of that tie you, we're watching members, even, hey, in LA what you may speak, nevertheless, nevertheless, can you imagine the disappointment of fans who tune in and instead of looking at Molly are looking at your mug? That's true. That's true. I mean, if you put it that way in terms of who to look at and there's no question, we have downgraded except exponentially, but it does not matter. These are the rule before we can show you will speak. When spoken to there is a time limit. The person controlling the clock will beat me. I am the law, the judge the jury and the executioner, and that is the way it is going to be. When I say zipping that made zip it, it's time to get the show thought or you both ready are we allowed to guess you all out to be ready. Let's get it started. Tom Brady joined Peyton Manning Brett fog. And a five hundred touchdown club is the patriots beat. The Colt thirty eight twenty four last night on the other side, and you look threw for three hundred sixty five yards and three touchdowns and the loss. Which quarterback would you impressed with moat Brady or luck. Max Kellerman you may start. The answer is Andrew luck and what people will do is look at the result of the game and then immediately attribute the winter, the loss exclusively essentially to the quarterback. But the fact is Brady's defense look, much better Brady has still not falling off the cliff. I will give him that that was his second genuinely. Good game. Thank you. Thank you. But Andrew luck. Let's two out of five. He's played five games to have been exceptional. The others not so much, but Andrew luck is the guy where if you really trying to isolate quarterback play, deserves more credit, look, he's playing with the bum shoulder. So he's not really throwing the ball down the field the way he can when he's healthy, but he was throwing the ball into tight windows in. Credibly accurately and was putting mustard on those short throws wondering why maybe they wouldn't take a few more shots farther down the field considering the mustard. He was getting on some of those shorter throws, but it was into tight windows consistently. Look, he missed a couple receivers throughout the maybe three or four throws a little high, nothing terrible. I mean, all interceptions in that game including Brady's or like they shouldn't be called interceptions. They should be called fumbles or something. When you hit the receiver and they don't hang onto the ball, that's not the quarterbacks fault. But Andrew luck is extremely impressive. And now consider this no running game, no real receivers right now. No

Tom Brady JC Penney JC Penney Max Kellerman JC Penney Andrew Vate Michael Strahan Molly cairn Los Angeles nicotine Asher patriots Stephen Mali California Peyton Manning MENA
"jc penney" Discussed on BizTalk Radio

BizTalk Radio

01:45 min | 3 years ago

"jc penney" Discussed on BizTalk Radio

"Other retail continues to act pretty decently lows was up nine today but some of that had to do with somebody's taking a position in the company and i believe they've got a new ceo interesting enough they got the ceo from jc penney is that good but i guess the new ceo from jc penney was just babysitting it after already had the big problems as that dude who went came from apple destroy jc penney mabry tried to put them all in a mall try to make jc penney into a mall anyway so lows was up nine today volume was about four times average sales growth at lowe's nominal not thrilled for me the thrilling part growth a lot of them setting up here what i say a lot i think about that got about forty fifty names setting up i continue to not be worried about interest rates like others are because remember the central banks are not gonna do anything bad if the economy had south at the market takes a crap they will lower rates let alone raise rates and of course you've got europe and japan already doing their thing or prices are a worry if they continue higher opec has been lowering production forever and venezuela can't produce an eminem right now because the that moron is destroyed the country at.

ceo jc penney apple penney mabry opec eminem lowe europe japan venezuela
"jc penney" Discussed on KVNT Valley News Talk

KVNT Valley News Talk

02:23 min | 3 years ago

"jc penney" Discussed on KVNT Valley News Talk

"I was a kid and before jc penney's parking garage and wolfgang you saw a story on is it ktar kt kt channel eleven is it gonna close serious there's a story that we're gonna play right now be vitalized downtown anchorage it's a big question but according to some things are moving in the right direction ktel evans lauren maxwell is live downtown and lauren what can you tell us about the plans well there's no denying that alaska is a beautiful state in the parts of anchorage that are breathtaking but downtown isn't always considered one of them and that's something that some people say should change during the day downtown anchorage is fairly bustling but it night many of these same streets are empty people who are trying to change that saved downtown needs to be a place where people want to visit but also to live we need to have more residential activity because anchorage should not be a place that rolls up the sidewalks when the workday is done business leaders gotta look at several developments that are currently in the works for downtown anchorage parcels that could soon sport condos or hotels then there's this the transformation of the downtown transit center the anchorage community develop into thority hopes to finalize a deal is early as next week that would add a one hundred forty three room hotel forty three apartments and a restaurant and bar if things work out they could break ground very soon you could have construction starting either later this year towards the end of the year or early next spray plans call for more building but there's also a landmark that may be coming down the jc penney parking garage was built in nineteen seventy two engineers say the aging structure needs a lot of money to make it safe if it's going to last beyond the next five years but the engineering studies show you get out past five years you're going to have to really make the determination to make some significant investments and the challenge is when we look at those investments that need to be made that are required to extend the life you can't do it make any sense it's better just to tear the whole thing down rebuild they hope to reach an agreement with jc penney that includes new parking but also be a place.

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"jc penney" Discussed on WiLD 94.9

WiLD 94.9

03:29 min | 3 years ago

"jc penney" Discussed on WiLD 94.9

"Top jc penney yeah thanks good sure fear's way we uhhuh no got it finesse.

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"jc penney" Discussed on The Dan Le Batard Show with Stugotz

The Dan Le Batard Show with Stugotz

01:39 min | 3 years ago

"jc penney" Discussed on The Dan Le Batard Show with Stugotz

"I got it all this port center's brought to you by jc penney dress the part without spending todd save fifty percent on select st suits sport coats dress pants more at the jc penney men's wardrobe sale even big it's all only a jc penney for all the latest headlines and information tune into sports center on espn radio all throughout the day all right if i have apologized sufficiently to david bach i feel like i have i've apologized deficiently and i'm backing away from my feud from the pack with the packers offensive line but i now turn my attention to directly to scott hanson because that feuds not gonna work for me the facts are not my side i i'm just a gas bag i lose i'm humbled i don't wanna feud over there anymore but scott hanson you claim that from what is it three fifteen to four fifteen every sunday that that's the witching hour that three twenty two four twenty yes the witching hour yes he claims that that's an hour and i'm claiming that it's fifteen minutes and i demand to know what the audience things on who's right because i don't believe the witching hour lasts an hour believe it lasts fifteen to twenty minutes three twenty two four twenty is indeed sixty minutes that's an hour i know that i understand the math of it thank you stu god as a fine i just i understand the math of what i'm saying is that it's important to note that the witching hour is only fifteen minutes this is a construct football us all the time three hours of games and commercials nine minutes of action.

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"jc penney" Discussed on WJNT 1180 AM

WJNT 1180 AM

01:32 min | 3 years ago

"jc penney" Discussed on WJNT 1180 AM

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"jc penney" Discussed on KELO

KELO

01:52 min | 3 years ago

"jc penney" Discussed on KELO

"Recuits my parents also grew up in sioux falls everything was downtown so i mean all all the big green taylor is everything it was all downtown and i remain i i've got really vivid memories of going to princely jc penney had the only other than the airport had the only escalator in town gut the right the escalator jc penney they have the toys ecorse up on the top floor because they knew that kids would drag their parents who the whole store to get up to the top floor and i did every time we were there we gotta go at toys do we go and i wanted right the escalate when a very very vibrant downtown and then something happened the western mole opened the western mall opened at 12 or i should be at the 41st 41st in western it was the kennett the first big bowl in a number of stores left downtown went out to the western wall south a downtown started wobble and then something else happened the empire mall was built and it sucked the remaining life on a downtown like you can't believe businesses wanted to be more they do the people were he can't fault them they were doing what they thought was the right move for their business so they moved on to the empire mall and then as the years went on the a player mole expanded wanda pulling i think the lone remaining business that was near downtown was sears over on the other side of the viaduct everything good decided.

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"jc penney" Discussed on WGN Radio

WGN Radio

01:30 min | 3 years ago

"jc penney" Discussed on WGN Radio

"Morning at six on chicago's very own seven twenty wgn headed jc penney for the black friday mattress sale wednesday to saturday get sixty percent off natura says from brands like ceiling serta beauty rest and strengthen after plus get an extra 25 percent off with your jc penney credit are banned sixty month special financing with free delivery and free assembly hurry ends jc penney available intellect horse subject to credit approval minimum fire every not available in stores as yet health hefty jc penney for the black friday match a south blends data saturday get sixty percent off mattress this from brands like ceiling serta beauty rest concerns and plus get an extra twenty five an off with your jc penney credit are banned sixty months special financing with free delivery and free assembly hurry ends saturday jc penney available intellectualize ninety two point nine subject to credit approval minimum middle every not available in stores has yet health khin near your seat belt in third the metal fittings and tighten its draft and in the event of a sudden rush of cabin generosity your seat cushion can be used to grant wishes how by donating your airline miles tomato wish why because her frequent flier a county stopped as bad as your carry on and just like the workout clothes you pack union we're going to use all those miles but if you don't need to make a wish you.

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"jc penney" Discussed on KPCC

KPCC

02:07 min | 4 years ago

"jc penney" Discussed on KPCC

"Most powerful things about your special is being able to understand through specific incidents what it's like to be somebody who looks like you i want to talk about a girl that you dated when you're young you're caller baffoni read i suspect that not her real name by rail person and and somebody you spend a lot of time with you studied whether you decided to take her to the prom i love now all those good things in here you are in the show sneaking out of your house because your parents are probably narcan approve of her as a problem date and heading over to her house on problem night on your bike let's listen i put on the jc penney suits spray on the michael jordan cologne six putts one for each championship you don't wanna hello i'm not going to say how the story as it doesn't and well and it's heartbreaking to watch and yet it reveals i get choked up just talking about it in a reveal so much about you know where we are as a nation and people who think we've moved john and we're in a post racial country they're lawn and i'm curious about why you felt it was so important to share this story with your audience yeah i totally agree with what you're saying and i think a lot of times we as a country we don't wanna talk about these things because we're living our daytoday lives so when you read something like the muslim ban or we're going to build a wall people are like look man i'm just trying to go to work on my kids off at school in just live my life the story that i'm telling and homecoming king about falling in love these are things that happened to me that actually happen every day in our backyard's in in our communities the reason why i think that the story is so powerful it's the first time and i think we've all experienced this regardless of race colour creed class or sexuality we've all dealt with these doorstep moments where we've put ourselves on the line and we weren't accepted because of something that we can't control now from use the cholera my skin but for other people it's a myriad of other reasons but if it was the first we're going to go in.

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