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JCPenney borrows bold Macy’s strategy to boost holiday sales

With the holidays fast approaching, retailers are doing everything in their power to stand out during the busiest shopping season of the year. As the retail industry navigates economic uncertainty and slowing consumer spending, brands are launching major sales events and marketing campaigns to attract customers. While the promotions help value-conscious consumers stretch their tight budgets amid rising prices, they also intensify the competition and challenge rivals to keep up. Five years after emerging ...