Whenever we've thought of JC Penney (which was pretty much never), we never thought "cool" - until this morning. WWD reports that the mega cheap chain is putting its green money where its green mouth is with a self-sustaining initiative to be completed by this November. JCP's planning on harnessing solar and wind energy to power ten stores and a distribution center in Reno, in addition to certain stores in California and New Jersey just to start out. Needless to say, we're very impressed that someone is finally taking up one of the easiest ways to generate power cleanly and efficiently (if you have the money, of course), and amazed that it's a chain like JCPenney and not Whole Foods or Barneys, or one of the many other stores that consistently put out green initiatives that usually deal with us buying something to make it happen. Maybe if there were artist collaborations with windmills, everyone wouldn't be so opposed to them? Maybe JCP can get Marimekko to paint some poppies on their windmills - efficiency and beauty - then we're sure everyone would think they're cool.
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Charlotte Ronson + J.C. Penney = Mark Your Calendar
We haven't been inside a J.C. Penney since the last time we lived near a mall, because it was easier to get inside through the cheap chain than to par
Ron Johnson Out at JC Penney—Why He Should Have Never Been 'In' in the First Place
J.C. Penney CEO Ron Johnson is out, according to a press release sent out by the company. The store's former CEO, Mike Ullman, will replace him. This news should not come as a surprise to anyone who's been watching the Penney saga unfold. Johnson, a former Apple and Target exec who joined J.C. Penney in November 2011, tried to bring the long-struggling store into the 21st Century with an updated design, tons of designer collaborations, lower prices, and the elimination of discounts. (Each of these tactics, particularly the last one, alienated what's left of Penney's loyal customers. People are creatures of habit. They're used to markdowns. Even if a product is cheaper in the first place, they can't help but want to see it discounted.) Anyway, Johnson also brought in some great brands to Penney, including Martha Stewart (whoops, that resulted in a lawsuit), Michelle Obama favorite Duro Olowu, MNG by Mango and Joe Fresh. These were all great prospects. But no matter how hard Johnson tried, no matter how good his strategy was, it was never going work. Here's why.
Can George Soros Save JC Penney?
Though J.C. Penney hasn't yet recovered from its roller coaster year (CEO Ron Johnson was outed earlier this month after his ambitious restructuring plans failed to see immediate results), the retailer has found an important cheerleader (a lifeline even?) in investor and philanthropist George Soros.
JC Penney Continues to be Collaboration-Crazy, Inks a Deal with Joe Fresh
JC Penney's $800 million revamp is well underway. After unveiling its store redesign on Monday--a shops-in-shops model meant to give more of a "boutiq