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JCPenny tried to pivot, which included: - Selling to a different demographic (young adults - like 20-25 y/o) <-- This was probably a huge reason for the failur
by chipperyman573 9y ago
JCPenny tried to pivot, which included:
- Selling to a different demographic (young adults - like 20-25 y/o) <-- This was probably a huge reason for the failure
- Making their stores "trendy" (for example, removing POS, instead employees walk around with iPads that have scanners attached)
- Removing constant "70% off" sales
Removing the sales probably was a part of the failure. But it was not as huge of a deal as people make it out to be.