Global Retail Alliance
info@gra.world
  • Login
  • Register
  • Newsletter
  • Virtual Library
  • Choose your country
    • Australia
    • Brazil
    • China
    • Poland
    • Latin America
    • Middle East
GRAGRA
  • Home
  • Membership
    • Silver
    • Gold
    • Platinum
  • Event
  • News
  • Retail Tour
    • Our Tours
    • Europe Retail Tour
    • Retail Tour – New York
    • Retail Tour – Düsseldorf
  • Contact
  • Home
  • Membership
    • Silver
    • Gold
    • Platinum
  • Event
  • News
  • Retail Tour
    • Our Tours
    • Europe Retail Tour
    • Retail Tour – New York
    • Retail Tour – Düsseldorf
  • Contact

Retail News

  • Home
  • Retail News
  • J.C. Penney plots 650 Fanatics shop-in-shops

J.C. Penney plots 650 Fanatics shop-in-shops

  • Categories Retail News
  • Date June 18, 2018
  • Comments 0 comment

Quarter after quarter, J.C. Penney’s Sephora beauty concessions offer one of its few bright spots — but new sports shops may present a similar opportunity.

Fanatics has been on a roll of late. In recent years, the online sportswear retailer has expanded its relationship with the National Hockey League and acquired sportswear manufacturer Majestic and the rest of VF Corporation’s Licensed Sports Group business, solidifying its partnership with Major League Baseball. Fanatics in 2015 also forged a deal with NASCAR.

J.C. Penney, however, could use a boost from a growing partner. Moody’s Investors Service recently downgraded J.C. Penney‘s corporate family credit rating, and some of the retailer’s specific debt instruments were rated lower. Data from CreditRiskMonitor, a service that tracks bankruptcy risk based on several metrics and data streams, currently indicates that J.C. Penney has between a 4% and 9.99% chance of filing for bankruptcy within the next 12 months, although Moody’s pointed to the retailer’s total liquidity of $2 billion as a major operating strength. 

More broadly, the discount retailer has run into difficulty improving its top and bottom lines, with its turnaround efforts yielding spotty results, particularly struggling to find its footing in the fundamental area of apparel. Last month CEO Marvin Ellison left to take the chief executive spot at Lowe’s.

With Ellison at the helm, J.C. Penney has largely stanched the flow of sales and money out of the company. It even made a profit in 2016, but that was followed by a $116 million loss last year. Last fall, Ellison said the company would post losses in the third quarter as the retailer moved to clear its inventory of women’s apparel, in an attempt to quickly catch up with shifting tastes ahead of the holidays.

But that didn’t have much staying power. In March, J.C. Penney slashed 360 jobs at its home office and support teams following a fourth quarter that fell short of analyst estimates. The comopany’s first quarter 2018 numbers were worse, with top-line sales declines, comps that barely budged upward and a loss of $78 million — all of which fell short of estimates.

https://www.retaildive.com/news/jc-penney-plots-650-fanatics-shop-in-shops/525386/

  • Share:
gsiino

Previous post

Microsoft may rival Amazon with tech that cuts out the cashier
June 18, 2018

Next post

Is Macy's about to reinvent the department store?
June 18, 2018

You may also like

ULTIMA POR HOJE
First look: Inside Ikea’s highly anticipated Oxford Street store
30 April, 2025
vai tomar
Morrisons becomes first UK retailer to deploy Simbe Tally robot as select stores trial the technology
28 April, 2025
vem nenem
French retail chain Mr.Bricolage deploys Hanshow digital technology as it opens new store in Rouen
24 April, 2025

Leave A Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search News:

News category:

News Archive:

Last News:

First look: Inside Ikea’s highly anticipated Oxford Street store
30Apr2025
Morrisons becomes first UK retailer to deploy Simbe Tally robot as select stores trial the technology
28Apr2025
French retail chain Mr.Bricolage deploys Hanshow digital technology as it opens new store in Rouen
24Apr2025
Nude Project Opens Its First Store in Amsterdam Inspired by Stanley Kubrick
23Apr2025
DoorDash and Coco ramp up partnership with US sidewalk robot delivery launch following Wolt pilot
11Apr2025

© 2022 Global Retail Alliance | info@gra.world | Privacy Policy