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JC Penney tweaks pricing strategy again
NEW YORK — J.C. Penney is changing its pricing — again. Just six months after the mid-priced department store chain got rid of the hundreds of sales it offered each year in favor of everyday lower pricing, it is reversing course. Penney on Feb. 1 began using a three-tier pricing approach that called for consistently […]
Boscov’s returning to White Marsh Mall
Boscov’s will open a department store at White Marsh Mall in November, inside the same 197,000-square-foot store that it closed in 2008, along with two others in the Baltimore area, after filing for bankruptcy protection. “I’m glad we are returning to White Marsh Mall,” said Albert Boscov, chairman and CEO of the Reading, Pa.-based chain. […]
Hurricane Irene: a mixed bag for retailers
NEW YORK — Hurricane Irene’s impact on retailers is similar to its effect on various states. Some got hit hard. Some didn’t get hit at all. And although there are billions of dollars in losses, it will take time to fully assess the damage. Home-improvement retailers, drugstores and grocers fared well as people from the Carolinas and […]
Kohl’s to open distribution center in Maryland, create jobs
MENOMONEE FALLS, Wis. — Kohl’s Corp. said Tuesday that it plans to open a distribution center in July in Edgewood. The department store operator said that the facility will fulfill online orders. It expects to hire more than 200 full- and part-time employees when the center opens in July. Once the facility is operating at […]
J.C. Penney closing stores
NEW YORK — J.C. Penney Co. plans to close some stores, outlets and call centers, finish closing its catalog business and add two opinionated shareholders, including activist investor William Ackman, to its board. The department store chain said Monday that the moves are intended boost profitability and keep pace with customers’ increasing shift to online […]
Frederick Bon-Ton to close
FREDERICK – Department store chain Bon-Ton Stores Inc. said it will close its 98,000-square-foot store at Frederick Towne Mall at the end of January, affecting approximately 56 employees. They will be offered available positions at Bon-Ton’s store in Hagerstown, or receive traditional career transition benefits, the company said in a statement. While not giving a […]
