JCPenney to Cut Growth, But Continue Sephora Expansion

JCPenney to Cut Growth, But Continue Sephora Expansion
November 20, 2008

Although Plano, Texas-based J.C. Penney Co. Inc. is cutting back on store openings next year, it will continue to look at opportunities resulting from industry consolidation, executives said at its third-quarter conference call. The chain has completed its 2008 expansion plan of 35 new stores, and will open 17 new stores next year, down from an original 20 — largely due to project delays on the developers' end, said Mike Ullman III, chairman and CEO of the company. J.C. Penney also has completed extensive renovations of 21 stores and made upgrades to 90 other stores across the country, including the continued rollout of its Sephora in-store shops. The company, which currently has 91 in-store Sephore boutiques, plans to open 64 more this year.

Produced by: Nielsen Business Media, a part of the Nielsen Company
	Hospitality Design \| Kitchen & Bath Business \| Display & Design Ideas Multi-Housing News \| Commercial Property News \| Impressions

DDI has been heralding the latest retail store design ideas since 1988 and has become a trusted source for all things retail. When DDI first appeared 20 years ago, the market was right for a magazine that focused on the retail environment. DDI has grown to become the retail design resource for store design concepts and a trusted guide to retail design ideas. DDI carefully chronicles the changes and focuses on the things that generate a buzz the world over in the retail industry.