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| fun, fragrances, my moms fucking a black , public/social policy, koop en verkoop domeinnamen, older woman , advertising, aging, meta, virginia, promote hk trade, family, couture, audio, levi's, | In its fourth top 10 quarter, Penney reported a 65 per cent profit increase over the same period last year and posted its 11th consecutive quarterly gain top 10 in same-store sales, considered the best indicator of a retailer's health. Chairman and Chief Executive Myron E. "Mike" Ullman III, who joined in late 2004 from Macy's and the luxury-goods business, is trying to position Penney as more upscale and upgrade its collection of store-label brands. The labels, which include names like fashion designer Nicole Miller and home furnishing maven Chris Madden, account for 40 per cent of sales. Customers will see more changes in the stores and on-line as Penney further blends both businesses. "Penney's is moving fast into this new frontier of multichannel consumer retail experience," said Richard Hastings, retail analyst at Bernard Sands. "People are experiencing the brand in a dynamic way." |
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| last year. Penney passed the-billion dollar mark in on-line sales in its recent fiscal year, surpassing e-commerce sites from discounters and department stores like Wal-Mart Stores Inc. On-line shoppers tend to be more affluent and younger that couture the store shopper. The median age for Penney's on-line couture customers is 45 couture years old, compared to 49 for its store shopper and over 50 for its catalog customer, said Tim Lyons, a company spokesman. He noted that the median household income is 10 per cent to 15 per cent higher than that of the on-line and catalog shopper, whose income ranges from $35,000 to $80,000. Penney's on-line site offers pricier items that are not available in the store. Penney's turnaround began in late 2000, when the then Chief Executive Allen Questrom launched an effort to upgrade stores and merchandise. He sold off the Eckerd drug chain, closed underperforming department stores and spruced up the remaining Penney's stores. |
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