Skip to comments.J.C. Penney Same-Store Sales Plummet 26.1% [Pro-Sodomy Marketing Not Working?]
Posted on 11/09/2012 6:42:34 AM PST by SoFloFreeper
J.C. Penney Co Inc (JCP) reported a sharper-than-expected decline in quarterly sales at stores open at least a year as shoppers continued to snub the retailer after it got rid of most coupons and sales earlier this year.
The company, which is in the early stages of a multiyear turnaround, said on Friday that same-store sales had fallen 26.1 percent, while analysts had expected a decrease of 17.9 percent. Shares of the department store chain dropped 7 percent to $20.18 in premarket trading.
Penney has eliminated most coupons and sales events and plans to transform about 700 of its 1,100 stores into a collection of 100 boutiques, such as Levi's Denim Bar, by 2015.
(Excerpt) Read more at foxbusiness.com ...
Hey, maybe the boycott has NOTHING to do with the company's woes...but I tell you what, they've lost my business over the issue. And unless they change, I won't be returning.
Get a load of this line from the article:
The company, which is in the early stages of a multiyear turnaround...
LOL. Yeah, multiyear turnaround....as in from now until eternity.
the link above explains more about the boycott.
An election can be rigged - but not shoppers. If Penney execs really felt the 2% of Americans who are gay could keep their store open, they’re not smart enough to be in business. Besides, Penney’s was a middle class store ... guess the liberal elites running the place didn’t know that either...
I used to buy most of my clothes from JCP because they have a decent selection of tall clothing (I'm over 6'5" tall). I used to receive a Big/Tall catalog from them, and I would receive mailings and emails that included coupons, free shipping, etc. That all stopped with the new regime. He ended sales and coupons, and the only catalog I receive is a pathetic one not aimed at me as a tall person; but one that features a bunch of unshaven/unwashed metrosexuals in rumpled suits with plaid shirts and purple ties. I don't know why the CEO thought he could improve over what has worked for decades.
The company probably saw declining sales and wanted to do an overhaul to try to deal with it. Unfortunately, they tried to fix what was not broken. Their declining sales were due to the Obamaconomy. They simply made a bad situation worse.
Used to buy my kids clothing there. They had good prices and good quality. Will purchase clothing second hand now before I will ever shop there again. They have not had my business for going on 2 years now.
There’s no fixing JCP now. They have “fag store” written all over ‘em. I’d never return just because of thier pandering to the 3% gay population.
What decent parent wants thier kids in there when they’re likely to be exposed to a 20’ x 30’ poster of 2 guys making out? And since they’re going after the gays, I would be very hesitant to go into the dressing rooms.
When you turn 700 stores into 100 boutiques.... does that mean 600 stores are closed and 100 are downsized?
Next up, THE MEDIA.
Onward Christian soldiers!
(They were mystified on Squawk Box this morning, LOL)
he’s done to JCP what Obama is doing to the country
No. It means that each of those 700 stores will be organized as to look like or be 100 boutiques. We use ti call them departments.
Interestingly, nobody watches CNBC anymore either!
The new CEO owns the decline.
This former Penney shopper does not patronize them because of their use of Degenerate in ads, etc...and I was a VERY good customer....
Seems I’m not the only one....and I doubt any turn around will happen soon...certainly not in the next 4 yrs.....
Oh, God...four years....
Purchasing as many goods as possible second hand is a good way to help the cause.
Thanks for the link.
I didn’t know JC Penney was using those types of ads.
Stay out of JC Penney and eat at Chik-Fil-A.
That just sounds so... ghey
26% decline is a turnaround just like this “recovery” we’ve been having
And The Media includes Fox News in my house...
After the giddy glee displayed Tues night with Rove tweeting he had “fun”,
The kook aid has completed it’s rounds in media circles...
Going to GBTV.
Haven’t stepped foot in the Penney’s store since they started catering to the homo lobby. And I won’t. I’ve had it with these companies that spit on my values, from pushing the radical gay agenda to supporting illegals. It’s a shame when it’s an old company with a great history and heritage, but they made the decision. To hell with them; they can go bankrupt.
JCP = Just Can’t Pay.........
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