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J.C. Penney to Slow Store Openings, Cut Spending
June 26, 2008
After completing its strategic planning process for the coming year, Plano, Texas-based J. C. Penney Co. Inc. will further reduce new store openings and renovations from 2008 levels. The company will also continue to focus on controlling inventory levels and operating expenses, including a further reduction in capital expenditures for 2009. J.C. Penney's plans for 2009 now call for a reduction in capital expenditures to approximately $650 million, versus $1 billion expected for 2008, and $1.2 billion in 2007. The retailer plans to open 20 new or relocated stores in 2009, down from 36 new or relocated stores that will open in 2008. This compares to previous plans to open 50 stores each year through 2011. Among the stores that will open in late 2009 is the company's first store in Manhattan, which is expected to be its highest sales volume location. The company has also reduced its renovation plans to 10 to 15 stores in 2009, down from the 20 renovations it expects to complete in 2008, and compared to its previous plans to renovate 65 stores each year through 2011.
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September 04, 2007
The World Is Flat: Learn The Right Way To Incorporate New Display Technology Into Your Next Project
September 13, 2007 - 2PM Eastern
Sponsored by NEC
Join DDI and DigitalSignageToday.com for this live, interactive Web Seminar, sponsored by NEC, and hear directly from industry experts on how to go about choosing the right flat panel display for the project at hand. Attend this online-only event and learn how the Hyatt Regency Chicago, the city's largest hotel, has utilized digital display technology to better communicate vital information to its guests in a timely and efficient fashion.
Register
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