Around the Net

JCPenney Shops Doing Better Than Stores

Comparable sales at J.C. Penney Co.'s new shops within its stores, including those selling Izod sportswear and Levi's jeans, are running 20% higher than sales elsewhere in the stores, per CEO Ron Johnson. In a webcast for analysts, he said that since the company has only 12 of the "stores-within-stores" now, it's too early to draw conclusions. Some have been open for only three weeks and others for seven. The company plans to transform its stores into a collection of 100 specialty boutiques by 2015.

Read the whole story at Chicago Tribune »

Next story loading loading..