Apart from clothing, JCPenney is now adding more items to its baby department to reflect new merchandise categories.
RELATED: Toys R Us: the end of an era in the US
Babies R Us, a unit of toy retailer Toys R Us, has been closing stores since the start of the year as the parent filed for bankruptcy.
JCPenney’s financial performance has been weakening over the quarters. In the recently ended Q2, the company’s revenue declined 4.1% to $2.67 billion due to the store closures that took place in 2017. Also, the company’s CEO Marvin Ellison made an abrupt departure at a time when the company was in midst of crisis due to mounting losses and debt.
ADVERTISEMENT