JC Penney

For penny-pinching, Bangladesh still reigns supreme

 A Bangladeshi man cries for a missing relative, believed to have died in the collapse of the Rana Plaza factory complex rubble in April. Photo: AFP

With knitwear exports of over US$2 billion (HK$15.5 billion) a year, India’s garment manufacturing hub Tirupur has earned the nickname “Dollar City,” but its allure for price-conscious global retailers obsessed by discounts of as little as one US cent pales before Banglad

Wednesday, 10 July, 2013, 3:17pm

Barred by Wal-Mart, Bangladeshi clothes suppliers feel left on the shelf

Bangladesh relies on garments for 80 per cent of its exports. The country is second only to China in apparel exports. Photo: AFP

The day after Wal-Mart Stores published Simco's name on its list of banned Bangladesh suppliers, the garment maker learned it had lost an order from US retailer J.C. Penney for 500,000 pairs of pyjamas.

7 Jun 2013 - 3:46am

Secret bosses' business

Former JC Penney chief Ron Johnson had the highest chief executive-worker pay multiple of S&P 500 firms last year. Photo: AP

Former fashion jewellery saleswoman Rebecca Gonzales and former chief executive Ron Johnson have one thing in common: JC Penney no longer employs either.

2 May 2013 - 3:47am

Macy's shows JC Penney how to rebuild

Ron Johnson won kudos for choosing cutting-edge brands.

At the heart of Ron Johnson's plan to turn JC Penney into a mini mall of boutiques was the notion that the department-store model needed reinvention.

Yet while JC Penney faced challenges on Johnson's arrival - not least that its middle-income customers had been hit hard by the economic downturn - other department stores had been thriving without a radical course correction.

13 Apr 2013 - 4:51am