August 18, 2016

Macy’s and Sears Closures are Pretty Great for JCPenney

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It’s kind of a no-brainer: when one company loses, its rivals stand to gain. And so the turndown in traditional retail sales that’s causing Macy’s and Sears to close stores around the country is turning out pretty great for JCPenney. Responding to a question from CNBC’s reporter about what happens to JCPenney’s traffic when a Macy’s or a Sears in that same mall closes, JCPenney CEO says it’s a win.

Last one standing takes it all.

Topics: Research and Insights, Vertical - Retail, Consumer Insights, Business Model

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