Skip to comments.J.C. Penney Plunge Marks Greatest Single-Day Loss In 40 Years
Posted on 05/16/2012 1:53:19 PM PDT by Bill Buckner
Call it J.C Penneys private flash crash.
The stock today plunged 19.7% to close at $26.57. Thats even worse than Black Monday 1987. On that day, the stock lost a hair less, 19.2%.
Its unclear if this is the stocks worst day ever. (Perhaps it suffered an even worse day during the 1930s.) However, it is clear that this is the worst single-day performance in the past 40 years. Thats as far back as our FactSet data goes.*
(Excerpt) Read more at forbes.com ...
This is an old thread, but I thought your point was worth highlighting. I do agree there's a silent majority who are fed up by all of this sodomy pushing. I wonder how many billions of $ are being lost in the movie industry alone because people are no longer willing to spend money to watch gay propaganda? As far as JC Penney goes, it's not like we don't have any other shopping alternatives. Why oh why do these foolish CEOs feel the need to take the sodomite side in the ongoing culture war? Neutrality would be a better approach, and sticking with the silent, non-sodomite majority might very well be the best approach. There's money there just waiting to be made...
Glad to hear they are suffering the consequences. I was not even aware of their nonsense on this front, as I severed ties with them about 8 months ago when I realized that their credit card was through General Electric’s banking division.
I guess JCP is going for the fairy tail(pun intended), “Well, homosexuals and lesbians have more money” line of BS.
For the life of me I can’t understand these stores catering to such a small minority, esp when they must know it’s a slap in the face on the vast majority.
I think that their small sphere of personal experience is what gets such people in trouble. Most of the people in their social circles and most of their business associates are apparently pro-homosexualist, so they mistakenly think that the majority of the general public is the same.
< consequences >
< /sympathy >
Have you read post #67? It shows the copy that goes with the photos. No one can deny what JCP is pushing here.
If stores want to shove ‘liberal’ in my face, I shop elsewhere... Don’t these folks ever look at what’s happened to the MSM?
Funny. Heard a news story on Fox 13, local Tampa an hour ago. No mention of a catalog controversy at all, just a PC story about the stock drop.
I read the text after it was posted in #67. I wasn't able to read the tiny print in the picture posted.
It is baffling to me why personal text would be invented about clothing models anyway. The text I am interested in a JC Penney catalog is about the clothes, like this:
Blouse, short sleeve, no iron cotton/polyester blend, in red or blue, available in misses and junior sizes.
I am not interested in made up stories about the models wearing the clothes.
If this company is still around in a year, they can ram er put a flagship store in the Hillcrest area of San Diego.
BREAKING NEWS: Rainbow flag will fly high in Hillcrest (CA)
http://sdgln.com ^ | 05/16/2012 | BEN CARTWRIGHT
Posted on Wednesday, May 16, 2012 10:17:17 AM by massmike
Very soon, San Diego’s LGBT community will see a colorful symbol of their pride flying high above the Hillcrest neighborhood.
Today, the City Council voted 7-0 to approve a proposal by the Hillcrest Business Association (HBA) to install a 65-foot flagpole in the median on Normal Street where it intersects with University Avenue.
Nicholas Moade, owner of Rich’s and a donor to the flag project, urged the City Council to pass Item 333. “This flag symbolized tolerance and diversity,” Moade said. “As long as LGBT youth are being bullied ... it is important to fly this flag as a beacon of hope.”
After the council voted, applause erupted in the room. Many community members left excited about the installation of the project, which is expected to be in place in time for the annual San Diego LGBT Pride celebration, taking place July 20-22.
That is sooooo ghey!
Almost all the linens in this household were bought at J C Penny.
I won’t be going back there.
Perhaps I can find some good buys online.
One word: CostCo.
The business lesson that Microsoft learned was that they had to be engaged politically in the areas that would have an impact on their business model.
This included bribing US officials that made policy. This was explained by more than one congress person personally. Gates’ response was both angry and explosive. Contributing to the campaigns of politicians as a way of being allowed to continue doing business didn’t sound like anything approaching ‘free enterprise’.
Being right, and being dead right are two different things. In many, if not most, companies overseas, you ‘engage politically’ or you don’t do business there. There’s a reason why Boeing built the 787 the way it did, and it wasn’t ‘good engineering practices’.
The way JCP, and Pepsi before them through the comments of the idiot Indra Nooyi, MAY LOOK like political engagement, but NOT for the fiduciary interests of their shareholders, but to use their office to promote ‘social justice’.
‘Social justice’ IS the new bolshevism. Whenever you hear it, it means, “We have to take rights from you in order to give it to people that ‘don’t have them’.”
The new catalog sucks any way, all photos, can barely see the HIGH prices. With the exception of Bras and some school T’s for the grand kids I don’t do much shopping there any way.
Ditto goes for most anchor stores, when they stopped carrying my age range clothes in favor of SLUT WEAR for every one but 80 year olds, I quit shopping them. It can rot on the shelf. My church dresses get worn 3 hrs a week, the rest of the time it’s T’s, jeans, and capri pants. No use looking for my shoe size, you have to go to Vegas for that, 5.5, because I don’t buy what I don’t try one for comfort and fit.
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