JC Penney Company, Inc. announced on Tuesday that Michael T. Theilmann and Thomas M. Nealon, have been named Group Executive Vice Presidents of the Company, each assuming expanded operational responsibilities.
The gradual recovery of the global economy and the simultaneous instatement of national policies supporting the textile and garment industry have seen China's clothing exports on a steady rise, but the textile and apparel industry is still facing problems.
Jones Apparel Group Inc reported better-than-expected quarterly earnings as the company benefited from a pickup in orders from department stores, solid jeans sales and less discounting, sending its shares up more than 5 percent.
In recent years demand for luggage and leather goods industry has grown, so as competition in the market. It has become one of the fashion statements for women; which has turned their focus towards high end brands such as LVMH.