-
J.C. Penney cites improving sales in September; sees ample year-end liquidity
Plano, Texas -- J.C. Penney Co. on Tuesday said that it was making “solid progress” in its turnaround as it reported a smaller decline in same-store sales for September, compared to August. The company also said it expects that it will have ample liquidity at year end.
While Penney’s September same-store sales fell 4% over the same month last year, they showed an improvement of 580 basis points compared with August.
-
Report reveals consumer attitudes on shopping cart abandonment
Durham, N.C. -- Marketers are constantly combating shopping cart abandonment, and with good reason: Abandonment rates range from 70%-80%. The good news is that much can be done to reduce abandonment, recapture sales from abandoned shopping carts, and provide a better shopping experience for consumers, according to a new report by Bronto Software and Magento