- November 14, 2023
In this edition of the PYMNTS Provider Ranking of Coupon Apps we see consistency in rankings but changes in scores. GoodRx climbs up the rankings with Groupon not far behind, whereas Flipp ...
- September 14, 2023
In the world of retail, a prominent theme revolves around optimizing savings during the shopping experience.
According to the latest PYMNTS Provider Ranking of Coupon Apps, CVS Pharmacy and Dollar General ...
- September 6, 2023
The JCPenney Co. has announced an investment exceeding $1 billion to enhance customer experience and operations.
This signifies the latest step in the ongoing efforts to revive the department store chain. It also ...
- July 19, 2023
Anticipated back-to-school (BTS) shopping expenses are expected to reach $41.5 billion, exceeding the previous record of $37.1 billion set in 2021 and the $36.9 billion in 2022.
To secure its share ...
- August 11, 2022
JCPenney is looking at expanding its omnichannel and digital work with the appointment of new CFO Stephanie Plaines, a press release said.
Marc Rosen, CEO, said Plaines would help out with ...
- August 8, 2022
Demanding times demand new thinking in retail, and brands are rising to the challenge posed by inflation, the pandemic and powerful demographic shifts.
Reflecting the crisis burnout millions are feeling and ...
- August 4, 2022
Today in the connected economy, higher prices and growing demand lead to an increase in consumer spending in July. Also, JCPenney reinvents itself as a digital-savvy retailer thanks to its ...
- August 4, 2022
We’ve learned more about how to sell anywhere under any conditions in the past two years than in the prior 20, and more of that learning is appearing in the ...
- August 4, 2022
Hailing from the dawn of modern retailing, JCPenney (JCP) is reinventing itself as a slimmed-down digital-savvy merchant, connecting with customers by creating seamless journeys and 21st century experiences. That’s meant ...
- April 26, 2022
Today in retail, online grocery adoption rises 5% in March, while Amazon helps stop a Ferragamo counterfeiter. Plus, consumers choose experiences over goods, JCPenney looks to add Kohl’s to its ...
- April 26, 2022
Today is Tuesday, April 26 and JCPenney is reportedly looking to snap up long-time rival Kohl’s while payments startup Airwallex is possibly seeking more funding. Plus, automating AP processes saves ...
- April 26, 2022
JCPenney owners Simon Property and Brookfield Asset Management are reportedly looking to close an acquisition deal for Kohl’s that values the retail rival at an estimated $8.6 billion, The New ...
- April 1, 2022
Today in retail, PYMNTS research found seven out of eight store cardholders used those cards to make their most recent purchases. Plus, By Rotation fashion rental platform has raised $2.9 ...
- April 1, 2022
If Kohl’s, with 1,100 stores and roughly $20 billion in revenue, is worth $9 billion, how much would storied department store chain JCPenney, with 650 locations doing $9 billion in ...
- January 12, 2022
JCPenney announced Monday (Jan. 11) that it has named two new executive appointments, with Sharmeelee Bala now the new chief information officer and Katie Mullen being named chief digital and ...
- December 21, 2021
Retailers are exploring new ways to join forces, and closed stores are creating new opportunities across the retail landscape. Plus, omnichannel approaches and nonfungible tokens (NFTs) were the big winners ...
- December 13, 2021
Department store chain JCPenney on Monday (Dec. 13) added Forever 21 to its offering of national fashion brands in 100 U.S. stores and online at jcpenney.com to increase the store’s ...
- October 26, 2021
Beleaguered department store JCPenney has named Marc Rosen as its new chief executive officer as of Nov. 1, the latest move to help the struggling retail chain emerge from last ...
- October 8, 2021
In today’s top retail news, Adidas is relying on partnerships for fresh revenue and a path toward a more digital business, while brick-and-mortar retail in the United Kingdom is preparing ...
- October 8, 2021
After years of falling traffic and struggling sales that culminated in last year’s bankruptcy filing, JCPenney is embarking on a massive push into the prestige beauty space, hoping to bring ...
- September 2, 2021
Virtual reality is one way retailers can keep people in their shopping centers longer. Plus, JCPenney may be getting into the BNPL game soon, and retailers are developing clothing rental ...
- September 1, 2021
In today’s top retail news, brands are looking to lend consumers apparel in a bid to increase conversion rates, while Walmart is adding 20,000 employees to its supply chain to ...
- September 1, 2021
When a customer steps up to the checkout counter, whether physically or virtually, the payment options available are highly dependent on who the merchant is, the items being purchased, the ...
- July 16, 2021
In today’s top retail news, JCPenney has rolled out its new Thereabouts private-label kids’ clothing line, while American shoppers spent more in department stores and less on furniture and cars ...
- July 16, 2021
Amid the back-to-school shopping season, JCPenney has rolled out its new Thereabouts private-label kids’ clothing line, which is available only at JCPenney and jcp.com, according to a release.
The collection of items ...
- March 30, 2021
A stroll through the 100-plus-year history of J.C. Penney is a walk down memory lane. The retailer’s history ranges from seeking better access to railroads, to the birth and demise ...
- January 6, 2021
JCPenney is starting the new year with a post-Chapter 11 restart, new owners, new financing and soon will have a new CEO. But the old problems that have faced Penney ...
- September 9, 2020
U.S. mall owners Simon Property Group and Brookfield Property Partners are in talks to bail out the bankrupt JCPenney, CNBC reported.
The deal could be for $800 million and would avoid ...
- August 26, 2020
The department store sector is in the middle of another tough week, as Nordstrom filed disappointing earnings on Tuesday (Aug. 25) and JCPenney investors look to make sense out of ...
- August 9, 2020
Amazon could fill the nation’s shuttered anchor stores as the pandemic contributes to the death of brick-and-mortar retailers.
Simon Property Group, the nation’s largest mall owner, has been negotiating with Amazon ...
- July 29, 2020
Sycamore Partners is reportedly seeking to buy JCPenney for $1.75 billion and intends to combine the iconic retailer with the Belk department store chain, the New York Post reported, citing an unnamed ...
- July 2, 2020
Almost 3,600 businesses filed for Chapter 11 bankruptcy in the first half of 2020, marking a rise of 26 percent, The Wall Street Journal reported.
The rise comes as more companies ...
- July 2, 2020
If department stores survive this pandemic, July 1, 2020 will almost certainly mark the point where the format reached one of its darkest days. On both sides of the Atlantic, ...
- June 23, 2020
Two of the largest mall owners in the United States are teaming up on a bid to buy one of their key anchor tenants, bankrupt JCPenney.
Simon Property Group, which owns ...
- June 16, 2020
JCPenney may have a suitor. Reports circulating Tuesday (June 16) have Authentic Brands teaming with mall landlords Simon Property Group and Brookfield Properties teaming up to purchase the troubled retailer, ...
- June 9, 2020
Consumers whose wallets are bulging with gift cards issued by now-bankrupt retailers should think about spending them now — since they may become worthless.
In fact, it’s the bankrupt retailers that ...
- June 5, 2020
Sycamore Partners, the New York private equity firm that specializes in distressed buyouts, is in preliminary talks to purchase JCPenney, sources told Reuters.
The retailer, which employs 85,000 people, filed for Chapter 11 ...
- June 5, 2020
JCPenney has identified the first round of 154 retail location closures, after an assessment of its store footprint and evaluation of “future strategic fit” as well as performance. The retailer ...
- May 22, 2020
It’s the end of the work week, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments and commerce news. We have ...
- May 19, 2020
In today’s top news, Amazon could be in talks to buy JCPenney, and 4 million stimulus payments will be sent to consumers via Visa prepaid debit cards. Plus, Uber plans ...
