Are retailers poised to take advantage of their “Blockbuster-Netflix” moment? Now is a good time for them to learn from Blockbuster’s mistake – not buying Netflix –
and aggressively acquire small, well-positioned ecommerce firms.
Major retailers including Macy’s, JC Penney and Nordstrom are placing larger bets on omnichannel as the future of retail, amid hundreds of store closings and even a chain shuttering in the wake of a tough holiday season for brick-and-mortar sales. See what moves the chains are making to counter Amazon’s incursions.
After a successful pilot in three markets started in January, J.C. Penney plans to expand appliance sales to 500 stores this year, going head to head with Best Buy, Sears, Home Depot and Lowe’s. See what other moves the retail chain is making.
J.C. Penney posted strong Q4 and 2015 numbers, citing omnichannel tactics as a big part of its continuing turnaround, in a period when competitors stumbled. The return of popular private-label brands and the recent addition of appliances by customer demand are evidence that the company has been responsive to what shoppers want. Learn more about the retailer’s recent performance.
After more than 30 years, JCPenney decided to re-enter the appliance business when customer data showed that the vast majority of its shoppers own a home and are frequently searching for major appliance options on jcp.com.
While J.C. Penney admits to still being behind curve with its transition to omnichannel, the company is satisfied with the progress it has made. See what plans it has for the year ahead.
A listing of some recently announced expansions, additions and closures in distribution and fulfillment centers.
JC Penney has named Marvin Ellison, currently the executive vice president of stores at Home Depot, as its new president and CEO-designee effective Nov. 1, according to a press release.
Is JCPenney growing faster than Amazon.com? Not really. But based on its new sales reporting methodology, JCPenneys’ first-quarter online sales grew at a faster pace than Amazon’s. Here’s why.
J.C. Penney has announced that it will close 33 under performing stores across the country and laying off 2,000 employees in an effort to save $65 million.