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JCPenney news and archive

JCPenney partners with fashion designer Prabal Gurung

JCPenney, the multibrand retailer operating at a mid level price point, has collaborated with fashion designer Prabal Gurung to create a new clothing collection called Impower by Prabal Gurung for JCPenney. The collection features a range of dresses and jumpsuits for various occasions and will be available to purchase for a limited time only....

Mar 1, 2023

Report

JCPenney names Keith Melker chief transformation and strategy officer

American shopping chain JCPenney has announced the appointment of Keith Melker as chief transformation and strategy officer. In the role, Melker has been tasked with overseeing the transformation office, ensuring related initiatives are executed to maximise value creation and defining the company’s corporate strategy. Key areas to be focused on...

Feb 6, 2023

Retail

JCPenney to expand beauty offer to stores nationwide

Department store giant JCPenney has revealed it will be rolling out its JCPenney Beauty offer to stores nationwide, building on its 2021 debut and recent online expansion. It comes as part of the retailer’s relationship with beauty e-commerce platform Thirteen Lune, which will be spotlighted in JCPenney stores across the US and will make up...

Sep 20, 2022

Report

JCPenney names Stephanie Plaines as new CFO

American retailer JCPenney has announced the appointment of Stephanie Plaines as its chief financial officer, effective immediately. Plaines will be responsible for leading all financial activities across the company, including financial strategy, real estate, capital deployment and accounting. She has also been tasked with utilising her past...

Aug 12, 2022

Retail

JCPenney owners in bid to buy Kohl's for 8.6bn dollars

Ailing department store group Kohl’s could soon have a new owners. The New York Post on Tuesday reported the owners of JCPenney have made a bid, valuing at 8.6 billion dollars. Simon Property Group and Brookfield Asset Management also recently acquired JCPenney after it filed for Chapter 11 bankruptcy in May 2020. It currently operates with just...

Apr 26, 2022

Fashion

JCPenney announces addition of Forever 21 at 100 stores

JCPenney has announced the addition of Forever 21 to its portfolio of brands. The brand will be available at 100 JCPenney stores across the US, as well as on its online store. The move adds to JCPenney’s identity as a retailer for teens and young adults. Forever 21’s launch at JCPenney is being driven through a 360 marketing campaign, including...

Dec 13, 2021

Culture

JCPenney announces Muhammad Ali as goodwill ambassador

US retailer JCPenney has revealed a long-term strategic partnership with Muhammad Ali Enterprises, appointing the late professional boxer as its goodwill ambassador. The philanthropic partnership will kick off with the ‘Be The Greatest’ campaign on November 30, launched alongside a further charitable partnership with nonprofit Step Up. ‘Be The...

Nov 19, 2021

BusinessFeatured

JCPenney announces Marc Rosen as new chief executive officer

JCPenney has announced the appointment of Marc Rosen as chief executive officer. Rosen, who previously held leadership positions at Levi Strauss & Co and Walmart, will bring retail and e-commerce experience to the role. Rosen is also currently on the board of directors of Inspire Brands, a multi-brand restaurant company with more than 32,000...

Oct 26, 2021

Retail

JCPenney launches Juicy by Juicy Couture

JCPenney has launched Juicy by Juicy Couture, a new brand expansion from Juicy Couture, the athleisure popularized by early ‘00s celebrities. Juicy by Juicy Couture offers women’s and kid’s apparel, shoes, sleepwear, watches, and accessories. The new women’s collection, featuring a unique spin on the brand’s signature track suit, is now...

Sep 23, 2021

RetailFeatured

An estimated 80,000 US retail stores to close by 2026

A prognosis on the state of US retail shows 80,000 stores may close by 2026. The impact of the pandemic has shooed global consumers to shop online, with investment analysts at UBS estimating 27 percent of all goods purchased at retail will be made online by the end of 2026. That’s up 18 percent of total retail today. The store closures equate to...

Apr 7, 2021

Fashion

JCPenney reinvents its Xersion activewear label

JCPenney has redesigned its activewear label, Xersion, for the first time since its launch in 2008. The retailer is working to strengthen its branded merchandise offerings in 2021. “We are kicking off 2021 in the best way possible – offering new and improved merchandise to our customers,” Michelle Wlazlo, JCPenney's executive vice president and...

Jan 8, 2021

Management

JCPenney CEO steps down, search for successor underway

JCPenney has announced that its CEO Jill Soltau has exited the company in the same month the business emerged from Chapter 11 bankruptcy. The iconic US department store chain’s new owners, Simon Property Group and Brookfield Asset Management, said they have started a search for a new CEO who should be “focused on modern retail, the consumer...

Dec 31, 2020