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Financial Roundup: J.C. Penney Reshuffles Leadership and Cuts 360 Jobs, Gap Inc. Rides Active to Soaring Sales, L Brands Sales Stagnate

Fashion is at a crossroads: continue with cutting-edge strategies developed to persevere during Covid or slide back into familiar (yet unprofitable) habits? Get the experts' perspective at our in-person Sourcing Summit, Oct. 19 at New York’s Cipriani 42nd Street.

J.C. Penney revamped a number of executive positions and eliminated more than 300 jobs amid positive annual comp-store sales growth, while sales at Gap Inc. jumped 5 percent, largely driven by strength in activewear across all company brands. J.C. Penney In a Nutshell: Though comp sales were up for the quarter and the year, JCP

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