Tag Archives: J.C. Penney

Sadove Joins Traub to Launch Traub Accelerator

Stephen Sadove

NEW YORK-Marvin Traub Associates has named Stephen Sadove, former Saks chairman and CEO, to introduce the Traub Accelerator, a new division targeted to grow innovative technologies, concepts and platforms in the retail  and consumer industries. In his new role, Sadove will serve as co-founder and head of Traub Accelerator, and will act as advisor toMore »

Last updated: June 10, 2014

J.C. Penney Launches Gibson’s Simplemente Delicioso Program

Ingrid Hoffmann shows off the comal pan.

COMMERCE, Calif.–J.C. Penney has placed Gibson’s recently launched Simplemente Delicioso housewares program in its stores throughout the country. The extensive collection of cookware, gadgets and tabletop is the result of a license agreement with Hispanic media giant Univision and was created in collaboration with chef and cookbook author Ingrid Hoffmann, who stars in a UnivisionMore »

Last updated: May 22, 2014

Q1 Sales Up for J.C. Penney

J.C. Penney

PLANO, Texas–J.C. Penney posted a loss of net income of $352 million in the first quarter ended May 3, compared to a $348 million loss in the year-ago period, but reported a 6.3 percent net sales increase, to $2.80 billion. Same-store sales increased 6.2 percent and improved sequentially each month within the quarter, the retailerMore »

Last updated: May 16, 2014

Pondering Millennials

Duke_Ratliff

By Duke Ratliff Call them a marketer’s dream—or nightmare—the consumer segment dubbed “millennials” (consumers aged 18-34) is starting to make its presence felt in the home furnishings industry. Attention-getting products targeting millennials have been seen at every trade show this year. These items are usually inventive, colorful or unusual in some way—perfectly reflecting the quirky,More »

Last updated: May 1, 2014

Sadove Chosen to Chair Borderfree Advisory Board

Stephen Sadove

NEW YORK-Borderfree, a global e-commerce company, has named Stephen Sadove, former chairman and CEO of Saks Inc., as chairman of its newly created advisory board. Borderfree provides management for all aspects of international online retailing, including localized pricing and payment processing, landed cost calculation, customs clearance and brokerage, fraud management, logistics orchestration and customer-experience parity.More »

Last updated: April 14, 2014

J.C. Penny Unveils New Home Revamp

JC Penney Home Collections

PLANO, Texas-J.C. Penney has debuted a new reconfiguration of its home department, newly branded under Home Collections at J.C. Penney. In what a company spokesman termed an “extensive remerchandising” of the section, 60 percent of the area now caters to soft home, including a renewed focus on bedding and bath. This element also involves anMore »

Last updated: March 17, 2014

Mitigating Risks in Reductions-In-Force

Brian Rauch

By Brian S. Rauch Reductions-in-force have, unfortunately, become a growing trend in the retail sector. As detailed in last month’s issue of HFN, both Macy’s and J.C. Penney recently announced the elimination of 2,000 or more jobs. Even though they are typically done to improve profitability, reductions-in-force can be costly in terms of declines inMore »

Last updated: March 17, 2014