Tuesday, November 29, 2016

Ex JCPenney CEO Allen Questrom: Sales have 'become a cancer' for department stores

Image result for macy's store sale "The sale has become a cancer" for department stores feeling increasingly out of touch with millennial and Generation Y shoppers, former JCPenney CEO Allen Questrom told CNBC on Tuesday.

"When business gets tough, we add another sale," Questrom told "Squawk Box," noting that there are plenty of brick-and-mortar stores like Zara and Uniqlo that do very well without perpetually offering sales to boost business.. . . more

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