• Published May 1, 2018
Music fable Lionel Richie has advised a bedding and ablution accumulating for J.C. Penney, the banker appear Monday. Overall, the accumulating (comforters, quilts, sheets, adorning pillows and ablution towels) has a chastened archetypal aesthetic, with some sets alms a seventies pop flair, and is priced affordably — $129.99 for a queen comforter set, $39.99 for two adorning pillows and $24.99 for two Euro shams.
The sets are advised to alike with added bedding, ablution and window articles from JCPenney Home, a exceptional clandestine label, and the two brands will be merchandised calm in one boutique this September, according to a aggregation columnist release.
Richie is best accepted for a cord of alarm and body hits with his bandage the Commodores and after a abandoned career bedeviled by top-of-the-chart ballads that acceptable were a accoutrement of abounding bedrooms in the 1970s and 1980s. He is additionally an award-winning songwriter for added musicians, and his brilliant is ascent afresh as a adjudicator on the singing antagonism appearance American Idol.
After accepting some absorption afterward above CEO Ron Johnson’s acute check and consecutive retreat, Penney is already afresh in the doldrums. In March, the aggregation reported net sales fell 0.3% to $12.51 billion, mainly because of abundance closures in 2017, as same-store sales rose 0.1%.
The banker saw a nice anniversary sales bang as consumers aerial best boats, but 2017 was centered on closing stores and slashing jobs. (The banker appear 360 job cuts in March, on top of 670 jobs eliminated as it shut bottomward a administration centermost beforehand in the year.) Penney has been beneath burden for some time, and it bankrupt out the year with a shakeup in its controlling offices, letting go of longtime arch merchant John Tighe (and axing that position completely) in adjustment to “streamline controlling and advance greater activity aural its commodity affairs teams.”
LIONEL RICHIE HOME – JCPenny from LBR on Vimeo.
Late aftermost year, the aggregation attempted a desperate displace and swept abroad abundant of its women’s inventory as it warned of a analytical sales slump in the third quarter. But CEO Marvin Ellison has said the home class holds affiance and, as with apparatus sales, is acquisitive to booty bazaar allotment as Sears food abide to topple. “While we abide to booty accomplish to advance our accoutrement action and assortment, we see our home brace action as a abundant agent for advance and differentiation,” he said aftermost year.
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