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[…] of last year I wrote a somewhat scathing article about SPG and ABG’s, (Authentic Brands Group), formation of “SPARC,” ( Simon Property, ABG Retail Concepts). ABG, SPARC and JCP Fading Into The Sunset. Long story, short, I said, here is […]
Marvin Ellison delivered. In his first year as the CEO of JC Penney he has achieved enough positive growth measures to give credence to his three-year turnaround plan. Formerly EVP of stores at Home Depot, Ellison was brought in by […]
[…] time to recover from Covid-19 and address other vacancies. As such, it isn\’t surprising to see top U.S. mall owners Simon and Brookfield looking seriously at a joint bid for J.C. Penney. Many mall owners (particularly outside of the best […]
Imagine a JC Penney store where the layout is modern and cool, where there are extras like hair salons, shoe repair, video games, copious seating throughout the store; where the merchandise is smart but right for the customer base and […]
In April 2014 I wrote, Walmart Can Crush Amazon. I focused on all of the competitive advantages Walmart has over Amazon. and if leveraged, implementing the right strategies, over time, (and given the time), they could beat Amazon at its […]
Much is being written about the successful turnaround at JC Penney at the hands of its CEO, Marvin Ellison, who arrived at the ailing retailer in 2014 after a 12-year stint at Home Depot. The kudos are certainly justified, as […]
[…] in 2016, analyzing Walmart (Jet) versus Amazon in terms of its online power, there were some key metric differences. Jet. com gets: Walmart\’s size and deep pockets, (pushing to three-quarters of a trillion dollars vs. about a hundred billion for […]
[…] JC Penney is too big to fail for their likely new owners. Chapter 11 Brookfield Property Partners L.P. (\”Brookfield\”) and Simon Property Group (\”Simon\”) will probably win the dubious JCP prize of a really old (from all perspectives), stale and […]
“One day, we will eventually see Amazon. com in the physical world, either with stores or kiosks,” I wrote that in my book Amazon.com: Get Big Fast in 2000. At the time, that proposition sounded crazy. I wrote, “But stranger […]
Alas…JCPenney was rescued from Chapter 11 by two of its largest landlords this week. Simon Property Group and Brookfield Asset Management now have the responsibility of managing Penney\’s unwieldy fleet of 690 stores (following the imminent closure of another 146)…many […]
