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Published 09:31 27 Oct 2021 BST
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Speaking to EY partner Roger Wallace, Penneys boss Paul Marchant revealed that the company loves the "bricks and mortar" approach to their business and that won't be changing any time soon.
Despite other retailers closing their doors during the pandemic, Penneys managed to open up 25 new stores worldwide, with 373 now in total.
Marchant explained: "I get asked ‘will you go online?’ question about 20 times a day. The fact is we’ve got a business that is very successful, very profitable, and a model that is able to be rolled out across many markets and many countries and that is our prime focus.
"However, we always recognise that if customer demands mean that we need to think about another route to market then we’ve got to discuss that, be open-minded.
"But any change in strategy from bricks and mortar needs to be genuinely incremental and enhancing, and until we can find a model that enables us to do that then we’ll stick with what we’re doing."
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