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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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To: Ge0ffrey
The problems date back long before it was queer issue.

Customers abandoned midrange stores for either high or low end. The low end stores couldn't compete with Walmart, KMart, etc.

Penny tried to go upscale and you could buy a pair of levis jeans or jockey underwear cheaper there but they stayed in business only because of their loss leaders and sales.

Certainly since the collapse people are buying less.

Eventually Penny will go the same route as Montgomery Ward. I still have a working 19" inch TV I bought from Monkey Wards in the 90s. Probably 14-15-16 years old.

21 posted on 09/27/2013 9:07:22 AM PDT by Ben Ficklin
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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.

Gays do tend to be wealthier than the average population. Also, I may be stereotyping here; but, I wouldn't think that J.C. Pennys would be the store that gays would be flocking to for their shopping needs anyway.

22 posted on 09/27/2013 9:07:39 AM PDT by LibertarianLiz
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To: SoFloFreeper

Crap, no more Rice Chex for me. At least I can get an off brand Cinnamon Toast Crunch replacement.


23 posted on 09/27/2013 9:08:06 AM PDT by Resolute Conservative
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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

No gay man worth his Dolce and Gabbna wardrobe would be caught dead shopping at Penny's. Those ads were not made for the gays. They were made to persuade middle class hausfraus that shopping at Penny's is hip.

24 posted on 09/27/2013 9:11:22 AM PDT by Poison Pill (Take your silver lining and SHOVE IT!)
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To: DannyTN

When I was a teen in the late 60’s early 70’s JCP was THE place to shop. They had good prices and good stuff. They even had an auto parts dept for batteries, brakes, shocks, etc. They ditched that business model in the 80’s and decided to go ‘up-scale’ like the Macy chain. That’s when they started losing customers like me.........................


25 posted on 09/27/2013 9:12:03 AM PDT by Red Badger (It is dangerous to be right in matters where established men are wrong. .....Voltaire)
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To: Resolute Conservative

Since finding out that General Mills supported gay marriage, I switched from Cheerios to Shredded Wheat.


26 posted on 09/27/2013 9:12:44 AM PDT by ZirconEncrustedTweezers (My sweet talk is also savory and creamy.)
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To: Resolute Conservative

http://www.walmart.com/ip/26774942?wmlspartner=wlpa&selectedSellerId=3&adid=22222222227018261239&wl0=&wl1=g&wl2=c&wl3=26740845516&wl4=&wl5=pla&wl6=52200408276&veh=sem


27 posted on 09/27/2013 9:13:26 AM PDT by Red Badger (It is dangerous to be right in matters where established men are wrong. .....Voltaire)
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To: kiltie65

I think a fairly large percentage of the politicians in this country are probably bisexual or homo with many leaning towards pedophilia. What’s the closest profession to politics? Why prostitution naturally. They can’t help themselves; its inborn which makes it okay according to the liberal mindset.


28 posted on 09/27/2013 9:14:09 AM PDT by jsanders2001
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To: DannyTN
Plus, the last time I was in JCPenney, their shirts looked like they were designed by gays.
I did a JCP walk-through this week and I couldn't agree more. Ugly stuff.
29 posted on 09/27/2013 9:14:28 AM PDT by oh8eleven (RVN '67-'68)
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To: ZirconEncrustedTweezers

http://www.malt-o-meal.com/cold-cereals/honey-nut-scooters/

These are just as good...................


30 posted on 09/27/2013 9:14:59 AM PDT by Red Badger (It is dangerous to be right in matters where established men are wrong. .....Voltaire)
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To: LibertarianLiz
"the reason so many people stopped buying"

That's the reason a lot of old people stopped buying there.

Old people don't buy very many clothes. Young people do. Homosexuality is not an issue for young people.

Same reason old people don't watch the very queer TV show Glee but young people do.

31 posted on 09/27/2013 9:16:36 AM PDT by Ben Ficklin
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To: Arm_Bears

>>>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.<<<

Even if the 3% are incredibly wealthy they won’t be shopping at JC Penney, anyway.

Offending the vast majority of your customers, to cater to a handfull of deviants just doesn’t seem like a great strategy.


32 posted on 09/27/2013 9:17:42 AM PDT by Above My Pay Grade (The people have the right to tell government what guns it may possess, not the other way around.)
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To: rockinqsranch
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 still buy T-shirts there as well. I've been a customer of theirs for years because they used to have a pretty good big/tall section (I'm 6'5-1/2" tall). Most of my clothing is from JCP. Around the time of the idiot CEO's ascension, I stopped. Not because of the homosexual crap, but they just stopped carrying as much merchandise and stopped with coupons. He messed up the company in more ways than one.

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.

You may be onto something here. It sounds sort of "conspiracy theory-ish", but people really need to consider whether there are agents among us who get into positions of power simply to weaken the republic. I am currently reading M. Stanton Evans' book on Joe McCarthy. The commies who were in place in the U.S. Government were not merely spies; they were mainly there to influence policy so as to benefit Mother Russia. In spite of the efforts of anti-Communists like McCarthy, a large number of commies remained in the government. Who know how many there are now? Who know how many have infiltrated the government, school boards, companies, etc. with the express purpose of causing the breakdown of American society?

33 posted on 09/27/2013 9:19:00 AM PDT by Sans-Culotte ( Pray for Obama- Psalm 109:8)
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To: Red Badger

We shop at Aldi and they have just about every version of cereal available in their own brand and almost all of them are under $2 a box.


34 posted on 09/27/2013 9:19:05 AM PDT by reegs
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To: Ben Ficklin

But older people nevertheless buy clothes. If there are 100 places to buy clothes, doesn’t it seem logical for a couple of them to cater to older people?

Seems to me that could have been their niche.


35 posted on 09/27/2013 9:21:14 AM PDT by B Knotts (Just another Tenther)
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To: Red Badger
When I was a teen in the late 60’s early 70’s JCP was THE place to shop.
I grew up in the 50s and 60s, the oldest of six kids. Every year the back to school ritual started with a trip to JCP.
By the time I was in high school, all six of us were in school and I can still see my father's face when it came time to pay the bill.
Oh, what I wouldn't give to re-live those years.
36 posted on 09/27/2013 9:21:24 AM PDT by oh8eleven (RVN '67-'68)
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To: B Knotts

I don’t know much about clothing styles and marketing.

But I do know automobiles.

The byword there is: “you can sell a young man’s car to an old man, but you can’t sell an old man’s car to a young man”.


37 posted on 09/27/2013 9:23:37 AM PDT by nascarnation (Democrats control the Presidency, Senate, and Media. It's an uphill climb....)
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To: Ben Ficklin

my problem with shopping for clothes and shirts in particular...

Nordstroms, Sears... you name it... I am sick and tired of all these fads and fashions...all my life I just wanted plain shirts... not loud, not fashionable, plain shirts I can wear and not make a “statement”..

and you walk into these stores the past 10 years... first you saw shirts with tattoo type designs on them...then everything was neon... everything now is plaid.. (plaid shirts you saw on the racks at Salvation army going for 75 cents).. and so every freaking young man I see at work now, looks like a slim waiter, wearing a tight plaid shirt...closely cropped hair, a little mustache and beard ...goatee type thing..

sheesh.. I can’t tolerate fashion

... and I can’t tolerate shopping, period !


38 posted on 09/27/2013 9:24:01 AM PDT by Chuzzlewit
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To: nascarnation

OK, but Buick still exists, and Pontiac does not. So, it seems like they still sell old men’s cars.


39 posted on 09/27/2013 9:24:56 AM PDT by B Knotts (Just another Tenther)
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To: nascarnation

Oh, and Toyota Avalon. Is there anyone under the age of 70 driving one of those?


40 posted on 09/27/2013 9:25:28 AM PDT by B Knotts (Just another Tenther)
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To: reegs

Most Aldi products are good quality as well.


41 posted on 09/27/2013 9:27:10 AM PDT by Catsrus
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To: B Knotts

Buick today isn’t much like Buick of old.

All their vehicles are badge engineered Chevys and Opels.


42 posted on 09/27/2013 9:27:17 AM PDT by nascarnation (Democrats control the Presidency, Senate, and Media. It's an uphill climb....)
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To: rockinqsranch

Boy Scouts of America is exhibit A.

Perversion tolerated, then normalized, then celebrated, and finally mandated.


43 posted on 09/27/2013 9:27:34 AM PDT by SoFloFreeper
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To: nascarnation

http://www.buick.com/buick-luxury-cars.html


44 posted on 09/27/2013 9:27:43 AM PDT by nascarnation (Democrats control the Presidency, Senate, and Media. It's an uphill climb....)
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To: B Knotts

I am under 70 and would love to have one. Can’t afford it, though.


45 posted on 09/27/2013 9:28:09 AM PDT by SoFloFreeper
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To: Ge0ffrey

Irregardless of what they do or do not promote, they stopped carrying the few things, their own brand, that I went there to purchase. And when I went to their site to complain that they no longer carried the items and in effect would lose my business, one of their customer care “specialists” responded that I was wrong. It was just like talking to a liberal, truth is unknown.


46 posted on 09/27/2013 9:30:42 AM PDT by Mastador1 (I'll take a bad dog over a good politician any day!)
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To: Ben Ficklin

Exactly. JC Penney has been circling the drain for 20 years. Walmart and Target are eating their lunch on one side and Macy’s stores on the other side. And as one article I read points out, retail competition is a zero-sum game.


47 posted on 09/27/2013 9:32:56 AM PDT by Bubba Ho-Tep ("More weight!"--Giles Corey)
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To: Arm_Bears

I’m waiting on the FReepers to post that J.C. Penney isn’t having problems because of its open support for gays. Yet. It’s pretty clear to me that it’s stupid business to piss off just about any portion of a company’s clientele by taking a potentially unpopular public stand. So maybe the gay ads only cost J.C. Penney 1 or 2% of their business. Who really knows, but I can tell you this, me and mine used to buy there and we don’t do so anymore. Why? Because of their corporate cheer leading for the sodomites.

This is what I don’t understand. Exactly how many customers did J.C. Penney think they were going to get by advertising to homosexuals? Were there droves of homosexuals out there who were not shopping at J.C. Penney? Here we are in the midst a culture war, and some businesses want to take sides? The stupid. It BURNS!


48 posted on 09/27/2013 9:34:04 AM PDT by CitizenUSA (Why celebrate evil? Evil is easy. Good is the goal worth striving for.)
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To: Ben Ficklin
“The problems date back long before it was queer issue.”

***

Yes indeed. One thing which frustrated me was when they eliminated checkouts in every department. Today, you have to walk all over the store to find a “Customer Service” counter, many of which may not be staffed. Last time I wanted to buy a pair of jeans, I couldn't find anyone to ring up the sale. Disgusted, I threw the jeans over a rack of swimsuits and walked out

And there are other things. For a time, Penneys had this concept of no sales. Sales may not necessarily be a bargain, but most people are attracted to them. If your store doesn't have sales, most people will go to a store that does.

Penneys, like Sears, is also going bilingual. Sorry. English is the official language in this country. I won't shop at stores which cater to a particular ethnic group.

49 posted on 09/27/2013 9:37:05 AM PDT by fatnotlazy
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To: SoFloFreeper

Used to shop there a lot. Will never shop there ever again once they promoted homosexuality.

The whole thing is rotten.

Like MANY other large, especially publicly-held companies.

I minimize what I buy so I minimize how much I turn over to new world order.

Most merchandise is junk made in foreign countries (part of new world order’s plans) anyway.


50 posted on 09/27/2013 9:37:13 AM PDT by PieterCasparzen (We have to fix things ourselves)
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