JCPenney says it plans to spend more than $1 billion by the end of 2025 in a bid to revive the storied but troubled 121-year-old department store chain.
As part of the plans unveiled Thursday, check-out stations that had been located throughout JCPenney’s stores will be replaced with a single area of cashiers. Shoppers will also see brighter lighting and a fresh coat of paint. Store employees will be equipped with mobile devices to scan inventory and ring up shoppers’ purchases. And the chain is making upgrades to its Wi-Fi networks to speed up in-store connections.
Rosen said JCPenney’s customers are spending $700 more per month than two years ago just for basic necessities, like rent, gas and food. He noted they’re seeking competitive prices as well as a good shopping experience. As part of the latest remodeling push, Rosen said 100 stores have been refurbished. The plan is to remodel anywhere from 50 to 100 per year, he said.
Most importantly, Rosen said JCPenney has worked hard to keep the basics like jeans, white-T-shirts, and sheet sets in stock with the full size range or full color assortment, a problem that has plagued the chain and frustrated shoppers.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Panthers acquire WR Ihmir Smith-Marsette from the Chiefs for conditional 2025 7th-round draft pickThe Carolina Panthers made a move to acquire wide receiver/returner Ihmir Smith-Marsette from the Kansas City Chiefs in a deal involving a swap of conditional 2025 seventh-round draft picks.
Read more »
Lincoln's First EV Could Debut In 2025 As A Three-Row CrossoverLincoln's future lineup is coming into focus as a new report says the Corsair will be killed, while the Aviator will be replaced by an EV
Read more »
Hera Rising will attempt the 1st stratospheric skydive by a woman in 2025 (exclusive)'It was just another avenue for me to pursue this goal of lifelong learning.'
Read more »
2025 Lotus Emeya Electric Sedan Will Be Revealed Next WeekThe sleek four-door will be the third EV from the British automaker, facing off against the Porsche Taycan and Lucid Air in the luxury sedan segment. We'll see it on September 7.
Read more »
Men's Lacrosse: Class of 2025 Recruiting PreviewThere's a long post that I will use to track commitments, decommitments, and other events, but here is where I run down the cycle and offer predictions. Frankly, we are going to see what the future holds early on. I remain pessimistic about the staff remaining in place beyond 2024, for a variety of reasons. But a lot of cold water could be thrown on Myers' hot seat if the Buckeyes manage to keep Ohio kids home.
Read more »
Aura becomes Borborema sole owner, eyes 2025 productionToronto-listed Aura Minerals has become the sole shareholder of Borborema Inc, the company that controls a namesake openpit gold project in Rio Grande do Norte, Brazil. Dundee Resources, a subsidiary of TSX-listed Dundee Corporation, has elected to convert its 20% equity interest in Borborema into a net smelter royalty of 1.50% on the first 1.5-million ounces of gold sold and 1% on the next 500 00 oz.
Read more »