1. Stores & Formats

J.C. Penney Q3 sales decline, loss widens

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Dive Brief

The department store said the $1 billion turnaround announced earlier this year has already boosted traffic and loyalty, but is it bold enough?

Published Dec. 21, 2023

A mall store with a "JC Penney" banner in white letters on a wood-paneled background.

A J.C. Penney mall anchor. The department store is now owned by two landlords, Simon Property Group and Brookfield.

Daphne Howland/Retail Dive

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