Struggling retailers J.C. Penney (NYSE: JCP) and Macy's (NYSE: M) certainly deserve credit for thinking outside the box. Last week, Macy's announced it would begin selling thredUP merchandise at 40 of its more than 600 locations. The very next day, J.C. Penney revealed it had forged the same relationship with thredUP, allocating between 500 and 1000 square feet of selling space to thredUP-supplied inventory at 30 of its 800-plus locations.
However, their new relationships with the secondhand clothing seller may be a step in the wrong direction.
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