J.C. Penney Company, Inc. (JCP) Steps Up Promotions Amid Store, Job ReductionsVW Staff
Deutsche Bank analysts Paul Trussel and Matt Siler observe 40%-85% markdowns this time of the year when promotions are the name of the game.
“As is normal this time of year, promotions across the mall remain heavy, with markdowns of 40%-85% off, as retailers act to clear goods ahead of the upcoming Valentine's Holiday and eventual start of Spring. From our observations, each of the major Department Stores have incremental promotional events on a YOY basis (to draw traffic, which is down . . .
This content is exclusively for paying members.
If you are subscribed and having an account error please clear cache and cookies if that does not work email [email protected] or click Chat.