Wednesday, April 12, 2017

The great apparel slump is changing the way JC Penney and other retailers do business

A woman shops for clothing at the JC Penney Co. store inside the Roosevelt Field Mall in Garden City, New York.When J.C. Penney decided to open appliance showrooms in its department stores, it wasn't just a play to grab market share from Sears.

It was also a way to limit its exposure to apparel, which accounts for roughly half the chain's sales. That dependence has put Penney's in a precarious position, as consumers put a smaller piece of their budgets toward T-shirts and jeans.. . . more

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