Oct. 26, 2009 (Business Wire) -- J. C. Penney Company, Inc. (NYSE:JCP) today announced the launch of Olsenboye, an exclusive new Juniors brand created by Dualstar Entertainment Group founders and designers Mary-Kate Olsen and Ashley Olsen. Items from the casual sportswear and accessories brand will be available for a limited time on jcp.com and in select JCPenney stores beginning November 6, with a full launch set for spring 2010.

“Our Juniors customers have grown up with Mary-Kate and Ashley and look to them not only as authentic designers, but also as style icons,” said Liz Sweney, executive vice president and general merchandise manager of Women’s apparel at JCPenney. “The launch of Olsenboye brings aspiration and sophistication to our Juniors department, while underscoring our commitment to continue to step up our style and offer our younger customers new, fashion-forward merchandise at affordable prices.”

“Mary-Kate and I watch current trends and see our partnership with JCPenney as an opportunity to add something unique to the marketplace, especially in the current retail climate,” said Ashley Olsen. “Olsenboye is an extension of the Dualstar brand and we feel this collaboration compliments and strengthens our business portfolio, delivering trend-based fashion at affordable prices,” she added.

Inspired by teen trends from cities around the world, each travel-themed collection of Olsenboye will highlight different cities, providing the Juniors customer constant merchandise changes with fun, spirited and edgy styles featuring a wholesome feel. Falling into JCPenney’s “good” and “better” pricing tiers, items in the collection – which includes denim, bottoms, tops, dresses, skirts, shorts, jackets, handbags and shoes – will retail from $20-$50 and can be mixed together to create an array of unique looks that allow teens to express their personalities and celebrate their journey through life with fashion. In-store, the brand’s travel theme will be highlighted with store sets incorporating travel trunks as well as signage featuring passport stamps and luggage stickers.

Marketing Olsenboye to the Juniors Customer:

To market Olsenboye to the Juniors customer, Dualstar Entertainment Group and JCPenney have created a unique launch experience using innovative initiatives – including enticing sneak peeks and limited offerings, as well as digital, guerrilla and viral marketing tactics – that are relevant and reach teens on their terms, while encouraging them to explore, discover and experience the Olsenboye brand.