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J.C. Penney jumps after CEO (Ron Johnson) said to be out
Marketwatch ^ | April 8, 2013 | Staff

Posted on 04/08/2013 2:09:12 PM PDT by abb

J.C. Penney Co. shares jumped 11% in after hours on Monday as CNBC, citing an unidentified source, said Chief Executive Ron Johnson is no longer head of the company.

(Excerpt) Read more at marketwatch.com ...


TOPICS: Business/Economy; Culture/Society; Front Page News; News/Current Events
KEYWORDS: ceo; fired; gaycpenney; homosexualagenda; jcp; jcpenney; jcpenny; retail; ronjohnson
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This just in.
1 posted on 04/08/2013 2:09:13 PM PDT by abb
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To: abb

He’s “out” - as in, the closet?


2 posted on 04/08/2013 2:10:01 PM PDT by fwdude ( You cannot compromise with that which you must defeat.)
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To: abb

http://www.thestreet.com/story/11889950/1/jc-penney-jumps-as-ceo-johnson-ousted.html?cm_ven=GOOGLEN


3 posted on 04/08/2013 2:10:46 PM PDT by abb
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To: abb

Too little, too late unless they totally re-brand in the next week or so and go back to the family friendly store they were.


4 posted on 04/08/2013 2:11:00 PM PDT by Resolute Conservative
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To: abb

They chose the gays.

Let the gays support them they have a huge population- right?


5 posted on 04/08/2013 2:13:06 PM PDT by NoLibZone (A nation's electoral process is as free and fair as its press.)
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To: abb

Too late. The brand has been tainted and thus the company is toast.


6 posted on 04/08/2013 2:13:34 PM PDT by South40 (I Love The "New & Improved" Free Republic!)
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To: abb; a fool in paradise; Slings and Arrows

What, Apple’s no discounts, no sales brilliant concept didn’t work out at Penney’s? Surprise!


7 posted on 04/08/2013 2:13:51 PM PDT by Revolting cat! (Bad things are wrong! Ice cream is delicious!)
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To: abb
This is just an initial knee jerk reaction. Now, we'll find out if the homo-ification of the retailer is the real culprit when store sales flounder after they restore sales and mark-downs as before.
8 posted on 04/08/2013 2:14:35 PM PDT by fwdude ( You cannot compromise with that which you must defeat.)
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To: South40
Too late. The brand has been tainted and thus the company is toast.

Nothing a name change and a good PR campaign can't fix.

9 posted on 04/08/2013 2:16:27 PM PDT by null and void (Gun confiscation enables tyranny. Republicans create the tools of oppression and Democrats use them.)
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To: Revolting cat!

Since JCP is headquartered here, we get some info that doesn’t go nationally. He got drawn and quartered by the Board, and has been rapidly rebranding, restoring coupons, bringing back favorite brands, such as St. Johns Bay for women. But it was not his idea, and he never moved here, never accepted the “culture” of the shopper of JCP, was commuting by private jet every week.

Enough was enough.


10 posted on 04/08/2013 2:16:40 PM PDT by rstrahan
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Once people are gone, there would have to be a very very good reason for them to come back. Unless they pull off some kind of miracle, JC is toast.


11 posted on 04/08/2013 2:17:28 PM PDT by dsrtsage (One half of all people have below average IQ. In the US the number is 54%)
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To: abb

Ellen Degeneres is also out as the spokesperson. She will be replaced by Richard Simmons.


12 posted on 04/08/2013 2:22:13 PM PDT by fieldmarshaldj (Resist We Much)
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To: abb

Well the board should not be held harmless. What were they thinking? That Apple’s coolness translated to JCP dry goods? When he would not move there, they should have canned him.

The board should have hired a Macy, Nordstrom or Neiman Marcus ace. JCP could now become the next Radio Shack. All over, but weak.


13 posted on 04/08/2013 2:23:55 PM PDT by cicero2k
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To: abb

I think the saying in industry goes something like this: “If the stock price goes up after you leave, take it personal”.


14 posted on 04/08/2013 2:32:23 PM PDT by Kevmo ("A person's a person, no matter how small" ~Horton Hears a Who)
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To: rstrahan

Enough was enough the first week. Why did he last so long?


15 posted on 04/08/2013 2:51:04 PM PDT by ntnychik
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To: South40
Too late. The brand has been tainted and thus the company is toast.

Say it isn't so. Where will I buy my white socks and underwear? Woe is me. What will I do?

16 posted on 04/08/2013 2:57:08 PM PDT by InterceptPoint
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To: abb

So they are admitting their culture is Gaycee Penny....

But hey, dude wants to be out. Ain’t nothing wrong with that...


17 posted on 04/08/2013 2:58:55 PM PDT by Vendome (Don't take life so seriously, you won't live through it anyway)
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To: fwdude
Now, we'll find out if the homo-ification of the retailer is the real culprit when store sales flounder after they restore sales and mark-downs as before.

Amazon is airing ads for their new Kindle featuring a man and his "husband". How's Amazon doing these days?

18 posted on 04/08/2013 3:02:19 PM PDT by Drew68
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To: rstrahan
Since JCP is headquartered here, we get some info that doesn’t go nationally. He got drawn and quartered by the Board, and has been rapidly rebranding, restoring coupons, bringing back favorite brands, such as St. Johns Bay for women. But it was not his idea, and he never moved here, never accepted the “culture” of the shopper of JCP, was commuting by private jet every week.

It's this, entirely.

Most of the ex-JCP-shoppers I know don't shop at stores that don't have sales. My mother, mother-in-law and wife - not to mention many others I know - stopped shopping there when they ended sales.
19 posted on 04/08/2013 3:02:41 PM PDT by arderkrag (An Unreconstructed Georgian, STANDING WITH RAND.)
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To: cicero2k
The problem is that JC Penney has been circling the drain for 20 years. The model just doesn't work. They've had their lunch eaten by Walmart and Target on one side and Macy's on the other. Johnson at least had a vision of doing something different, but it was only an attempt to rearrange chairs on the Titanic.

Penney's will go the way of Montgomery Ward in a few years, and Sears probably isn't far behind them.

20 posted on 04/08/2013 3:08:58 PM PDT by Bubba Ho-Tep ("More weight!"--Giles Corey)
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