We shopped at both stores and saw why Kohl's has mostly managed to avoid mass store closures and outperform similar retailers like JCPenney.
Kohl's and JCPenney both have a similar inventory, but there's a lot that separates the two retailers' strategies for success. JCPenney is one of the largest department stores in the US, but the company recently hit a wall in terms of sales and growth, reporting a 9% same-store sales decrease for the second quarter of 2019. It also plans to close 27 stores in 13 states. Kohl's also reported a drop in sales of 2.
Kohl's and JCPenney both have a similar inventory, but there's a lot that separates the two retailers' strategies for success. JCPenney is one of the largest department stores in the US, but the company recently hit a wall in terms of sales and growth, reporting a 9% same-store sales decrease for the second quarter of 2019. It also plans to close 27 stores in 13 states. Kohl's also reported a drop in sales of 2.
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