Teaching Note for HBS No. 517-037.
Citation:
Ofek, Elie, and Christine Snively. "JCPenney: Back in Business." Harvard Business School Teaching Note 518-003, July 2017. View Details|
Case HBS Case Collection October 2016 (Revised April 2018) JCPenney: Back in Business |
Abstract
In 2016, JCPenney was in the midst of a multi-year turnaround after coming dangerously close to bankruptcy. Under CEO Marvin Ellison, the company had identified three strategic objectives—a focus on omnichannel, private label goods, and increasing revenue per customer—to guide all company initiatives. The company was running pilot tests on a new line of appliances, rebranded hair salons, and new private label merchandise, and management now needed to decide how best to roll out and market these initiatives across the chain. Ellison also considered how to build upon the company’s new ad campaign, Get Your Penney’s Worth, and how to strike the right balance between serving its “core” and “emerging” customer segments. He wondered if these objectives and initiatives were enough to restore JCPenney’s position in the evolving retail landscape.
Keywords: retail; marketing strategy; brands and branding; Customer Management; omnichannel; turnarounds; private label; promotions; competition; Marketing Strategy; Brands and Branding; Customer Relationship Management; Goals and Objectives; Retail Industry; United States;
Citation:
Ofek, Elie, K. Shelette Stewart, and Christine Snively. "JCPenney: Back in Business." Harvard Business School Case 517-037, October 2016. (Revised April 2018.)
