At the rate department store chains are shuttering locations, your neighborhood shopping mall will soon look like something out of a post-apocalyptic movie. On Friday, J.C. Penney became the latest chain to announce a strenuous round of store closures and buyouts for as many as 6,000 members of its workforce in a bid to cut costs.
Category: TJX Companies
Will President Trump’s Tax Reform Help Retailers? The Devil Is in the Details
Other department store chains also reported poor results. For the past two years or so, among apparel and home-focused retailers, only off-price merchants such as TJX Companies One of the few potential bright spots for retailers such as Macy’s and Kohl’s is corporate tax reform.