The two retailers are now operated separately, but with the same financial backer in Edward Lampert, their fates appear inextricably linked.
It’s the second month sales in apparel have grown.
The off-price channel will also benefit from closures of department store doors at the mall.
In March, Mary Beth West resigned as Penney’s evp, chief customer and marketing officer to join Hershey Co., as chief growth officer.
During a closed meeting with Treasury Secretary Steven Mnuchin, industry leaders discussed support for tax reform and their continued resistance to a proposed BAT tax.
Dozens of companies and associations signed a letter praising recent moves by the Patent and Trademark Office, led by Michelle Lee.
The new shop-in-shops bring the total number to about 650.
Analysts from Fitch Ratings said things at both department stores look stable, despite store closures and sales declines.
Store closings are far from over, but Wall Street thinks the industry can bounce back with a “reinvention.”
The company is accelerating its move into the area, with tests on bathroom remodeling, smart home installation and more.