86
Fashion Jobs
SHISEIDO
K-Key Account Lead
Permanent · HO CHI MINH CITY
ADIDAS
Senior Director Product Creation Ftw
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Corporate Affairs & Reputation Manager - Corporate Affairs & Engagement
Permanent · HO CHI MINH CITY
JO MALONE LONDON
Education Manager, Jml/lm
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Senior HR Operations Executive/ Assistant Manager
Permanent · HO CHI MINH CITY
ADIDAS
Key Account Manager (Franchise)
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager, Commercial, Adigolf, Vietnam 1
Permanent · HO CHI MINH CITY
ADIDAS
Key Account Manager 1 (Franchise)
Permanent · HO CHI MINH CITY
COLUMBIA
lo Costing & Engineering Manager
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Category Manager - Cpd
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Business Planning Manager - Cpd
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager Product Creation (Sportwear)
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Product Manager - Shu Uemura
Permanent · HO CHI MINH CITY
ADIDAS
Manager, Quality Product Integrity
Permanent · HO CHI MINH CITY
TAPESTRY
Manager, Manufacturing Engineer
Permanent · HO CHI MINH CITY
SPECIALIZED
Painting Quality Engineer - Bình Dương, Vietnam
Permanent ·
ON RUNNING
Social Compliance Specialist - Hcm Based
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager, Sourcing Operations
Permanent · HO CHI MINH CITY
WILLIAMS SONOMA
Wood Sustainability Specialist - (Global)
Permanent · THUẬN AN
PUMA
Manager Quality Apparel & Accessories
Permanent · HO CHI MINH CITY
PUMA
Senior Executive, Finance
Permanent · HO CHI MINH CITY
PUMA
Head of Quality Footwear
Permanent · HO CHI MINH CITY
By
Reuters
Published
Apr 22, 2009
Reading time
2 minutes
Download
Download the article
Print
Text size

JC Penney stands by pricing and other '09 plans

By
Reuters
Published
Apr 22, 2009

NEW YORK, April 22 (Reuters) - J.C. Penney Co Inc (JCP.N) needs to have clear and affordable prices for fashion-forward items to entice shoppers this year, Chief Executive Myron "Mike" Ullman said on Wednesday 22 April.


JC Penney Teen - Spring 2009

The U.S. department store chain expects to open 17 new stores in 2009 and spend $600 million on capital expenditures, Ullman said on Wednesday at J.C. Penney's annual analyst meeting in New York.

It had discussed those plans earlier this year when it reported its results for the fourth quarter of 2008.

Earlier this month, the Plano, Texas retailer surprised Wall Street and investors with a smaller-than-expected 7.2 percent drop in March sales at stores open at least one year.

For 2009, Ullman said the company expects same-store sales to decline about 10 percent.

Penney is one of several retailers that have faced steep declines in sales over the past year as shoppers back off from spending on anything that is not essential in the recession. Such consumer thrift has resulted in the department store sector taking a bad hit in recent months.

Penney itself does not see its fortunes turning around meaningfully in 2009. Still, the company has said it will focus on unique brands such as nicole by Nicole Miller and Fabulosity by Kimora Lee Simmons at affordable prices to woo shoppers to spend in its stores.

Penney shares rose 2.6 percent to $26.73 in morning trade.

Penney moved its annual analyst meeting from Plano, Texas, to New York this year, citing the recession's impact on many firms' travel budgets.

(Reporting by Aarthi Sivaraman; additional reporting by Gina Keating in Los Angeles; Editing Bernard Orr)

© Thomson Reuters 2024 All rights reserved.