Never thought Sears and jcpenney would be disappearing in the 21St century. Most huge department stores like jcpenney, Sears, Dillards,and many other huge department stores has filed for Bankruptcy, because many consumers are buying on line. From large warehouse like Amazon whom get their merchandise to sale from all over the world. If you have a good product with lots of inventory and it sales, you to can be a merchant of Amazon. The big warehouse just get a cut from selling and shipping your merchandise to consumers. Target almost saw their doors closing with competing with Walmart, what the CEO and executives did to help save Target is create on-line shopping for many items you can and can't find in a regular Target department store. Plus they start building their own stores many with other retail space for lease. Now Target is well ahead of the game.
This is what JC Penney should've invested more funds into. get out of the large malls and build their own stores, plus down size, scale back on many items. Carry the items that most consumers are shopping for in there stores, before the sales started to tank. This didn't just happen over night with JC Penney it has been in the making for years on its way to close the doors forever. But they can come back and it will take time to do so. The right CEO and executives can turn JC Penney around.
Shopping Malls is beginning to become a thing of the past. Many mid-size department stores like Bed, Bath and Beyond, Kirkland, Victoria Secrets, and many others is turning to strip malls whereas there is just an entry into each individual store instead of entering into a main entry whereas like a large mall you don't have to leave the inside to go to another store or business inside the building of the mall, Many companies are getting away from large indoor malls because of less consumers are shopping in large malls due to rude people, violence, undesired people, and possibility of Terrorist attacks.
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