Plenty of good, bad and ugly to go around and my job, as it has been for most of my career as a business journalist, is to try to sort it all out. Since coming on board almost a year ago, JC Penney CEO Jill Soltau has concentrated on operational and financial areas but still hasn’t addressed the bigger merchandising picture.
Yesterday, Macy’s announced a similar arrangement with the online seller.• A test of a new fitting room concept called The Styling Room, which features digital components and personal stylists to help shoppers select apparel. Jill Soltau attends the American Folk Art Museum Annual Gala at JW Marriott Essex House on November 16, 2017 in New York City. Sie erhalten die Inhalte in der größten verfügbaren Größe. Die kostenlose Layout-Lizenz gewährt keine weiteren Rechte und jegliche Gewährleistung ist ausgeschlossen.Dateien für das Erstellen eines Diavortrags hinzufügen© 2020 Getty Images. United States Ohne Lizenz können Sie das Material nicht für folgende Zwecke weiterverwenden:Da die Kollektionen ständig aktualisiert werden, kann Getty Images nicht garantieren, dass ein bestimmter Inhalt bis zum Zeitpunkt der Lizenzierung verfügbar ist. Penney CEO Jill Soltau's first day, but first, this White House photo is too good not to share My regular commentaries have elicited both praise and scorn and I welcome them both equally. Um Ihr Projekt mit dem über das EasyAccess-Konto (EZA) heruntergeladenen Material abschließen zu können, benötigen Sie eine Lizenz. More importantly it has plenty of cash on hand—$1.7 billion in liquid assets available—and it expects to have a positive free cash flow for the year overall.While the number of transactions was down, the company said, the average ticket was up slightly. And both Soltau and Wafford went out of their way to talk about how the retailer is maintaining positive relationships with its vendors, a critical area for companies in trouble. C. Penney Company, Inc., through its subsidiary, operates department stores in the United States and Puerto Rico.
J.C. Penney markets primarily family apparel, jewelry, shoes, accessories, and home furnishings.6051 Skillman Street Penney's CEO Jill Soltau refocused the company to sell women's clothing and home goods Credit: Getty Images - Getty. Its lenders were working on a deal Friday to avert a liquidation by using the bankruptcy process to restructure the chain with fewer stores.Cowen Equity Research analysts said if the 866 Sears and Kmart stores end up closing, several retailers including Penney will benefit. It still showed significant comp store sales declines—9.2% overall, 6% if you knock out the discontinued major appliance and furniture sectors—and an overall loss, albeit only about half of the comparable quarter last year.But it reduced inventory by 12.5%, one of Soltau’s big initiatives, and it showed a serious decrease in the cost of goods sold rate, down 310 basis points due to better margins and fewer markdowns. In her two previous jobs, the investors were private equity firms Leonard Green and Sun Capital Partners, and some could argue they're tougher than the street.Get the latest on openings, closings and trends of the D-FW retail scene.Stand with us in our mission to discover and uncover the story of North TexasCopyright © 2020 The Dallas Morning News. Walmart and Target have a bigger overlap of 92 percent and 75 percent, respectively.A Sears liquidation could result in a sales gain of 1.7 percentage points for Penney, said the report by analyst Oliver Chen. Jill Soltau is the chief executive officer of JCPenney and a member of the Board of Directors. I do so as a regular contributor to Forbes.com, as well as The Robin Report, Progressive Business Media and other media, plus my own blog, stupidbusiness.com. But for JC Penney, the second part of its turnaround process remains very much a work in progress.
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