Would you bet Your Bottom Dollar on JC Penney or Kohl’s this Quarter? Traffic Might Indicate No…
Image from: Breaking Copy Despite cutting prices this spring to counteract the decline in first quarter profits, Kohl’s online traffic may suggest another lull in profits this quarter. The announcement a couple weeks ago about JC Penney President, Michael Francis, suddenly leaving the retailer may also be a sign of a poor quarter for JC Penney. All this buzz piqued my interest, and I decided to look at Compete.com to
The New JCPenney – How Things Are Going So Far
Image from: Biz Journals JCPenney’s quest to change the department store shopping experience has been hard to ignore. The iconic retailer has hired Ellen as its new celebrity spokeswoman to tell consumers that prices have been slashed, return policies have been made more flexible and that JC Penney is a cool place to shop. Competitors and industry analysts alike have openly questioned whether such a strategy can be pulled off.