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Penney records bigger-than-expected loss in 2Q
Associated Press ^ | August 10, 2012 | Anne d'Innocenzi

Posted on 08/10/2012 3:22:18 AM PDT by abb

J.C. Penney Co. is reporting a bigger-than-expected loss and plummeting sales, as its customers continue to be turned off by a new pricing plan that gets rid of hundreds of sales in favor of every day lower prices.

It also withdrew its profit guidance for the year.

The department store, based in Plano, Texas, says that it lost $147 million, or 67 cents per share, in the quarter ended July 28. That compares with a profit of 14 million, or 7 cents per share.

snip

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Business/Economy; Culture/Society; Extended News; News/Current Events
KEYWORDS: corporateliberalism; culturewar; gaceypenney; homosexualagenda; jcp; jcpenny; lavendermafia; movealong; nothingtoseehere; pinkjournalism; retail; samesexmarriage; thisthreadisgay; unexpected
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This just in...
1 posted on 08/10/2012 3:22:25 AM PDT by abb
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To: abb

http://www.reuters.com/article/2012/08/10/jcpenney-results-idUSL2E8J8CS020120810?feedType=RSS&feedName=marketsNews&rpc=43
J.C. Penney same-store sales plunge 21.7 percent

http://finance.yahoo.com/news/j-c-penney-company-inc-100000548.html
J. C. Penney Company, Inc. Reports 2012 Second Quarter Results


2 posted on 08/10/2012 3:24:29 AM PDT by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: abb

Gosh, Ya think it might be because they love the gays so much, and most people don’t!


3 posted on 08/10/2012 3:25:19 AM PDT by siamesecats (God closes one door, and opens another, to protect us.)
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To: siamesecats

Note that the queer ads were not mentioned. But then, it’s AP, what do you expect?


4 posted on 08/10/2012 3:33:47 AM PDT by OldPossum
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To: abb

“customers continue to be turned off by a new pricing plan”

...AP is doing thier darndest aren’t they!?


5 posted on 08/10/2012 3:36:09 AM PDT by albie
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To: abb

Maybe there aren’t enough gays to support them after all.


6 posted on 08/10/2012 3:38:47 AM PDT by Iron Munro ("Jiggle the Handle for Barry!")
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To: abb

Maybe they should co-locate fast food restaurants in their stores - like WalMart does.

I think Chick-Fil-A would be a good choice.


7 posted on 08/10/2012 3:41:25 AM PDT by Iron Munro ("Jiggle the Handle for Barry!")
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To: abb

The pro-sodomy market just isn’t bringing in the revenue.


8 posted on 08/10/2012 3:42:07 AM PDT by SoFloFreeper
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To: abb
"... as its customers continue to be turned off by a new pricing plan...

"... as its customers continue to be turned off by a new pricing plan the company's pandering to sodomites and other lowlife filth..."

There; fixed it.

9 posted on 08/10/2012 3:47:44 AM PDT by carriage_hill (Harry Reid [PERVERT-NV] has Vickie-the-goat in lingerie and stiletto heels, tied-up in his office.)
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To: abb
Gay C Penney
10 posted on 08/10/2012 3:48:10 AM PDT by tobyhill (Obamacare, the final nail in the US coffin.)
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To: albie

Sad thing is,mgmt at jcpenney probably believe it.Blame the sale ads,not the gay friendly environment


11 posted on 08/10/2012 3:51:34 AM PDT by Craftmore
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To: abb

Links to stories about Penney's gay friendly catalogs:

J.C. Penney Catalog Features Gay Couple With Child, Freakout ...   

JC Penney Goes Gay Again! Two Dads With Kids Featured In June ...   

Gay Dads in JC Penney's June Catalog | Care2 Causes   


 

12 posted on 08/10/2012 3:53:11 AM PDT by preacher (Communism has only killed 100 million people: Let's give it another chance!)
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To: abb

Thanks for posting this. What’s happened to the chain is sad.

Now, I wonder how many millions of dollars Ron Johnson’s going to be rewarded with for his failures.

I believe their CFO exited with $10 million after 15 only months in the position.


13 posted on 08/10/2012 3:56:38 AM PDT by Nickname
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To: abb
GOD is not pleased penney... and I am enjoying your death spiral. Where are the gay armies that keep your profits up penney?
14 posted on 08/10/2012 4:07:26 AM PDT by LibLieSlayer (Don't Tread On Me)
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To: abb

I guess Ellen isn’t really working out as a spokeswoman... or spokesthing.


15 posted on 08/10/2012 4:10:40 AM PDT by Rummyfan (Iraq: it's not about Iraq anymore, it's about the USA!)
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To: abb

I don’t know about the pricing plan, but when I tried to find a pair of tan cotton slacks, they didn’t have any. I had to go to Belk and pay more than I would have at Penney’s, “back in the day.”

Why go in a store that doesn’t have what you want?


16 posted on 08/10/2012 4:10:51 AM PDT by Tax-chick (If you can't say anything nice, have some more wine.)
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To: All

Gay C Fanny won’t last through 2013..


17 posted on 08/10/2012 4:14:31 AM PDT by newnhdad (Where will you be during the Election Riots of 2012/2013?)
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To: newnhdad
Gay C Fanny won’t last through 2013..

Hey Like Washington Mutual Bank they went down PC

18 posted on 08/10/2012 4:17:08 AM PDT by scooby321 (AMS)
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To: abb

We have 4 clothing stores within a half hour drive. JCP was the premier store but it’s now a ghost of its former self. Then we have Walmart, Salvation Army and Goodwill. We buy most of our clothing by mail order.


19 posted on 08/10/2012 4:19:14 AM PDT by NewHampshireDuo
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To: abb

We have a Kohls and Penney’s in our local mall. Penney’s is empty, Kohls is busy. The upside in the fall of Penney’s for our family has been that Kohls seems to have doubled down on sending coupons and having sales. Their prices are in fact better.

Gay away JCP.


20 posted on 08/10/2012 4:20:03 AM PDT by IamConservative (Well done is better than well said. - Ben Franklin)
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