J.C. Penney ditches home appliances to focus on apparel

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J.C. Penney Co Inc said on Wednesday it would stop selling major appliances, including fridges and washing machines, and revamp the layout of its stores.

 

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The jcp by me never sold appliances

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J.C. Penney to Stop Selling Major AppliancesJ.C. Penney Co. said it would stop selling major appliances and cut back sharply on selling furniture, turning its stores’ focus to higher-margin areas like apparel and soft home furnishings. Close to the end This is one company that really just needs to throw in the towel. They had a good run. Now its time to just stop. Smart move, get rid off appliances and furniture show room will reduce rental space tremendously. Selling those durable goods in a department store is not a profitable business anymore.
Source: WSJ - 🏆 98. / 63 Read more »