How will we know if JCPenney has enough?
By Kevin GannonPosted Apr 06, 2018 11:54PMIt was a rough day for JCPensney.
The chain’s shares plunged on Monday morning after a federal judge granted a motion to dismiss a lawsuit brought by the city of San Francisco against it, which alleged that the store’s clothing was designed to appeal to young male customers.
The city has argued that the stores dress code is meant to make it harder for young men to buy clothes.JCPensny said in a statement that it “does not tolerate harassment of employees or customers,” and that it will defend the suit in court.
Jcp’s stock has been hammered in recent months by rumors that the company is moving its headquarters to China and that the chain may be going under.
Jenny, the chain’s former fashion head, left the company last year.
The San Francisco lawsuit claims that JCP has been running a culture of “sexism, violence, and homophobia” at the store, and that its women’s clothing and clothing for men is “designed to appeal primarily to young men.””JCP is an aggressive, violent company, and has a history of sexual harassment, bullying, and retaliation,” the lawsuit states.
“This company has not been the best for its employees, its customers, or for San Francisco.”JCPenneys is owned by U.S. retail giant Wal-Mart, which has also accused the company of sexism.
JCP said it has taken steps to address the allegations.