J.C. Penney Plans to Close as Many as 140 Stores

The video discusses the ongoing trend of store closures, particularly focusing on JCPenney's strategy to integrate digital sales with physical stores. It highlights the importance of digital growth, with JCPenney increasing its online SKUs significantly. The video also covers the performance of various retailers, noting Nordstrom's strong earnings due to effective inventory management, despite losing a major product line.

What is the main reason for JCPenney's store closures?

• Growth in digital sales

• Lack of customer interest

• Rising real estate costs

• Increased competition from new malls

How has JCPenney enhanced its digital presence?

• By reducing the number of online SKUs

• By offering discounts on digital purchases

• By increasing the number of online SKUs

• By closing all physical stores

What does BOPUS stand for in retail strategy?

• Buy Offline, Pick Up in Store

• Buy Offline, Pay Upon Shipment

• Buy Online, Pick Up in Store

• Buy Online, Pay Upon Shipment

Which retailer showed strong earnings despite losing a major product line?

• Walmart

• JCPenney

• Target

• Nordstrom

What contributed to Nordstrom's improved gross margins?

• Increased store openings

• Effective inventory management

• Higher advertising spend

• Expansion into new markets