Swot Analysis : Penney Stock

981 Words Jun 1st, 2016 4 Pages
J.C. Penney Stock J.C. Penney is a chain department store that provides plentiful materials and food and provides its customers with services, such as styling salon, optical, portrait photography, and custom decorating in the United States. As a well-known department store, J.C. Penney, it is a leading department store retailer of apparel, accessories and home furnishings. But from the beginning of March to the end of May, JCP stock has been generally falling in price. According to a recent research from Green Street Advisors, they thought the American shopping malls were declining at a scary rate. Now, it comes out clearer from the data of the stocks. From looking at J.C. Penney stock, it is evident from that stock going down that J.C. Penney from the decline in the stock is due to J.C. Penney nor keeping up with other stores that are increasing their business on the Internet. "Green Street Advisors said in a new report that department stores across the country need to shutter hundreds of locations to regain their past productivity." And they also claims "To return to 2006 productivity levels, Sears in particular would need to close 300 stores, or 43 percent of its existing stores, while J.C. Penney would need to shutter 320 stores, or 31 percent of its existing stores" Discount stores and online retailers have sapped business from department stores, resulting in hundreds of closings in recent years of department stores, such as J.C. Penney. How does online retail…
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