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JCPenney

JCPenney India ranks 25th in India’s Great Mid-size Workplaces

The company also ranked in the top 50 of India’s Best Workplaces™ for Millennials, this year Bengaluru: Retail chain JCPenney India has ranked 25th among the top 100 of India’s Great Mid-size Workplaces, the brand said in a press release on...

JCPenney India onboards Kaushik Das as the new managing director

In his new role, Das will take on the responsibility of driving innovation and leading the transformation strategy for the companyBengaluru: Retail chain JCPenney India has appointed Kaushik Das as its new managing director, the company said in a...

8 big box brands that are seeking bankruptcy protection amid COVID crisis

Economies all over the world are suffering due to the Novel Coronavirus pandemic, and the global retail industry – which has been in a state of flux for the last few years – has been especially hard hit. The...

JCPenney receives court approval of ‘First Day’ motions to support business operations

J. C. Penney Company, Inc announced that it has received approvals from the U.S. Bankruptcy Court for the Southern District of Texas, in Corpus Christi, TX for the ‘First Day’ motions related to the company’s voluntary Chapter 11 petitions...

JCPenney introduces toy shops in all stores

As JCPenney continues to explore new merchandise categories and differentiate its business, the retailer is opening toy shops in all of its brick-and-mortar locations with a significantly expanded assortment available at JCPenney.com. Strategically adjacent to the Disney Collection inside JCPenney,...

Department store chain JCPenney to shut down 138 stores in the US

Struggling department store chain JCPenney is closing down 138 stores and two distribution centers in the US in a move to cut costs, boost sales at stronger locations and focus on e-commerce. About 5,000 workers will be impacted by the...

Amazon's worth is now more than top 8 brick-and-mortar retailers combined

According to Credit Suisse analysts led by Eugene Klerk, with a current market cap of $390 billion, Amazon is now worth more than the top eight traditional brick-and-mortar retailers combined. The note by the analysts' goes on to say that the Seattle-based retail...

Macy's, Sears, JCPenney pull out of malls, US$48 bn of loans at risk

New research by Morningstar shows that there is no end in sight for the shopping mall crisis in the US. The research report says that hundreds of shopping malls have shut down over the last several years amid a pullback in consumer...

Welspun's scrip declines by over 47 per cent; Rs 4,867 crore investor wealth lost

Welspun India's scrip witnessed severe drubbing for the fourth day in a row, falling over 8 per cent on Thursday amid a host of negative news following US-based Target Corp's decision to terminate its contract with the company for...

5 international department stores that are struggling to survive

Big Box Stores Getting Smaller Despite the fact that retailers internationally are working hard to adjust to a more digital consumer - by either shutting their under-performing stores or coming up with a new retail strategies - department stores do...
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Toys“R”Us to open up to 50 stores in India in 3 years: Nitin Chhabra, Ace Turtle

The company plans to open 12 Toys“R”Us stores in 2024 and 100 in five years, as per Nitin Chhabra...
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