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Old February 28th, 2013 #1
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Join Date: May 2009
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Default "JC Penney May Have Just Had The Worst Quarter In Retail History"

JC Penney May Have Just Had The Worst Quarter In Retail History

Even those who have gotten used to following the ongoing train wreck that is JC Penney were shocked yesterday when the company's Q4 results came out.

The numbers were abysmal, with JC Penney's same-store sales--the level of sales made by stores that have been operating for at least a year--dropping a staggering 32%.


On the ensuing conference call, JC Penney's new CEO Ron Johnson took responsibility for the mistakes JC Penney has made, but he discussed the results as if the company were merely in the midst of a big transformation that will soon be complete.

Whether JC Penney eventually completes the transformation that Ron Johnson has embarked on remains to be seen.

But after a year of horrific results, one thing is clear:

So far, this "transformation" is only a "transformation" in the way that the demolition of a building is a "transformation."

To reiterate: JC Penney's same-store sales dropped by nearly a third year over year.

A third!
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Old February 28th, 2013 #2
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Join Date: Jun 2006
Posts: 851

Group wants JC Penney to dump Ellen DeGeneres because she's "gay"

"One Million Moms -- a project of the American Family Association -- is very angry at JC Penney."

"'Funny that JC Penney thinks hiring an open homosexual spokesperson will help their business when most of their customers are traditional families,' the million (or so) moms write on their website. 'DeGeneres is not a true representation of the type of families that shop at their store. The majority of JC Penney shoppers will be offended and choose to no longer shop there.'"

JCPenney June Book Features "Gay" Dads

"Real-life dads Todd Koch and Cooper Smith with their children Claire and Mason."

“Wendi with her mom Carolyn, daughters Raven and Clover, and partner Maggie.”

Old February 28th, 2013 #3
Bud Jones
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Join Date: Dec 2010
Location: Trailer house, of course.
Posts: 88
Bud Jones

I did not realise JC Penny was "queer friendly". Thanks for the update.

Took my mother to JCP to look at shoes. She has bought shoes there for years.
Merchandise on the shelves was all trash Chinese crap just like Wallyworld! but priced higher)

Failure of top management.


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