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Retail giant to spend $1 billion on store and online upgrades in latest bid to revive business

NEW YORKโ€”JCPenney said Thursday it plans to spend more than $1 billion by the end of 2025 in a bid to revive the storied but troubled 121-year-old department store chain. The money is going toward remodeling JCPenney stores, upgrading its online shopping site and app, and making its supply network…
United States Marc Rosen Simon Property Group Inc Authentic Brands Group Llc Levi Strauss Associated Press

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JCPenney is spending $1 billion on store and online upgrades

The money is going toward remodeling JCPenney stores, upgrading its online shopping site and app, and making its supply network more efficient so that online orders are delivered more quickly.UPGRADE The JCPenney sign lights up the entrance to a store in Frisco, Texas on Wednesday, Aug. 30, 2023. The retailer is reinvesting more than $1 billion into the 121-year-old department store in a major overhaul. AP PHOTO
United States Marc Rosen Jason Bolden Neil Saunders Associated Press Levi Strauss

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