JCPenney says private labels, cheaper assortment are behind lower prices
Michelle Wlazlo, chief merchandising and supply chain officer for JCPenney, breaks down the department store’s pricing.
Coverage on department store reinvention, anchor tenant strategy, and how traditional full-line retailers are adapting to shifting consumer preferences and foot traffic.
Michelle Wlazlo, chief merchandising and supply chain officer for JCPenney, breaks down the department store’s pricing.
“Customer behavior just keeps changing. And the more that we have the agility as an organization to shift and react, this feels like the next natural evolution,” Marc Mastronardi, chief stores officer, told CNBC.
The end of the department store is nigh.
JCPenney exceeded low expectations in Q4.
It's a bad day to be a department store.
Just three years ago, HBC was confident in its businesses. But shares had fallen nearly 50% in the past year before Monday’s announcement.
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