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Is the end near for J.C. Penney?
WTVR-TV ^ | 9/25/13

Posted on 09/27/2013 8:48:31 AM PDT by SoFloFreeper

J.C. Penney’s stock hit a 13-year low Wednesday as investors grow increasingly concerned about the future of the 112 year old iconic American retailer.

Shares plunged more than 15% at one point and briefly dipped below $10 a share — a level they have not touched since November 2000.

Several analysts are predicting that J.C. Penney did not have a good back to school shopping season, and that sales continued to plummet in late August and early September.

Investors had already been spooked by reports that J.C. Penney might be seeking to raise more cash through the sale of new stock or bonds.

In a conference call with analysts last month, J.C. Penney executives said they would not need to raise more cash anytime soon. They expected to have $1.5 billion in cash by year-end.

But JPMorgan analyst Carla Casella recently estimated that the retailer could run out of cash by the third quarter of 2014 if J.C. Penney’s sales and profits failed to improve.

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


TOPICS: Business/Economy; News/Current Events
KEYWORDS: failure; homosexuality; jcpenney; jcpenneys; marketing; penneys; retail
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JC Penney wanted homosexual business, wanted to show they were "progressive", and so released this ad:

Many of us quit buying from the store.

And there you have it.

1 posted on 09/27/2013 8:48:31 AM PDT by SoFloFreeper
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To: SoFloFreeper

As long as JC Penney continues to promote homosexuality, I will not shop there.


2 posted on 09/27/2013 8:50:30 AM PDT by Ge0ffrey
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To: Ge0ffrey

I think they’ve tried to back away from it, but the damage has been done.

Relying on less than 3% of the population is not a sound marketing strategy unless that less than 3% happens to be incredibly wealthy. Even then, it’s dicey.


3 posted on 09/27/2013 8:54:34 AM PDT by Arm_Bears (Refuse; Resist; Rebel; Revolt!)
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To: Ge0ffrey

Ditto that. I recently bought two sets of towels and a bedspread, which I likely would have bought from JCP ... but I found them on line and the quality was just as good, if not better, and the prices were better. Sorry JCP ... won’t miss you.


4 posted on 09/27/2013 8:54:38 AM PDT by Fast Moving Angel (A moral wrong is not a civil right: No religious sanction of an irreligious act.)
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To: Ge0ffrey
As long as JC Penney continues to promote homosexuality, I will not shop there.

They'll have to do a LOT more than that to change my mind. They have basically set their course in stone, to most people's thinking. There is almost not penance enough possible to undo this damage.

5 posted on 09/27/2013 8:55:40 AM PDT by fwdude ( You cannot compromise with that which you must defeat.)
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To: Ge0ffrey

don’t buy General Mills foods either...


6 posted on 09/27/2013 8:55:47 AM PDT by God luvs America (63.5 million pay no income tax and vote for DemoKrats...)
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To: SoFloFreeper

Are they still in business?


7 posted on 09/27/2013 8:57:56 AM PDT by stanne
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To: Arm_Bears
"I think they’ve tried to back away from it, but the damage has been done."

Plus, the last time I was in JCPenney, their shirts looked like they were designed by gays.

8 posted on 09/27/2013 8:58:09 AM PDT by DannyTN
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To: Arm_Bears
Relying on less than 3% of the population is not a sound marketing strategy unless that less than 3% happens to be incredibly wealthy. Even then, it’s dicey.

It's never just the 3% to whom they are marketing. You have to also include the friends, relatives and leftards that support and promote sodomy. However, they are still running the risk of pissing off more people than they please. All of Gay C. Penney's wounds are self-inflicted.

9 posted on 09/27/2013 8:58:16 AM PDT by Sans-Culotte ( Pray for Obama- Psalm 109:8)
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To: Arm_Bears

Heck, I doubt the incredibly wealthy would be caught dead in a place like JC Penney. They might encounter regular people.


10 posted on 09/27/2013 8:58:34 AM PDT by drbuzzard (All animals are created equal, but some are more equal than others.)
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To: God luvs America

Yep, when I found out about General Mills pro-sodomy position, I quit buying their stuff.

A little bit helps.


11 posted on 09/27/2013 8:59:35 AM PDT by SoFloFreeper
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To: Arm_Bears

did they try? I doubt it


12 posted on 09/27/2013 9:00:49 AM PDT by GeronL
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To: Ge0ffrey

When a company promotes homo love its a pretty safe bet the leadership is too


13 posted on 09/27/2013 9:01:01 AM PDT by jsanders2001
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To: jsanders2001

Right you are! Makes you think the same about our present government administration.


14 posted on 09/27/2013 9:03:50 AM PDT by kiltie65
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To: SoFloFreeper

I don’t personally want to see J.C. Penny bankrupt, and out of business even though I never shop there other than once in awhile to purchase their heavy cotton T-shirts. Been wearing their T-shirts since a child.

I don’t want to see an icon of the American retail scene bankrupted by progressive cunning, but that’s what is into about every major corporation today. It’s been part of the tactic of the Left to get their own into high positions ie; CEO, CFO, Presidents, and the like within major corporations, as well onto the Boards of Directors. It’s NOT just the political parties effected by the practice of stealth infiltration by the Left. They are into virtually everything with a goal of coordinated subversion of our business, retail, industry, etc.


15 posted on 09/27/2013 9:04:30 AM PDT by rockinqsranch (Dems, Libs, Socialists, call 'em what you will. They ALL have fairies livin' in their trees.)
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To: SoFloFreeper

And, absolutely no media outlet will comment on that decision by Penneys as the reason so many people stopped buying anything at their stores.


16 posted on 09/27/2013 9:05:33 AM PDT by LibertarianLiz
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To: Arm_Bears

“I think they’ve tried to back away from it, but the damage has been done.”

It’s not like they weren’t warned. There were plenty of us making calls and sending e-mails. They had time to turn it around and chose not to. Too bad. I think Penneys and Sears were our first foray into credit.


17 posted on 09/27/2013 9:05:41 AM PDT by freeangel ( (free speech is only good until someone else doesn't like it)
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To: SoFloFreeper
But there's this, and everybody loves this.


18 posted on 09/27/2013 9:06:23 AM PDT by wastedyears (One nation, under wub. Saints Row IV)
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To: SoFloFreeper

I don’t shop there. Period.................


19 posted on 09/27/2013 9:07:10 AM PDT by Red Badger (It is dangerous to be right in matters where established men are wrong. .....Voltaire)
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To: SoFloFreeper

Still, the news stories from the enemedia refuse to ever mention that Penney’s homo-groveling played big into the continued free fall. Disgusting propaganda by non-reporting.


20 posted on 09/27/2013 9:07:17 AM PDT by fwdude ( You cannot compromise with that which you must defeat.)
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