Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

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
Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-8081-91 next last
To: reegs

Most Aldi products are good quality as well.


41 posted on 09/27/2013 9:27:10 AM PDT by Catsrus
[ Post Reply | Private Reply | To 34 | View Replies]

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....)
[ Post Reply | Private Reply | To 39 | View Replies]

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
[ Post Reply | Private Reply | To 15 | View Replies]

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....)
[ Post Reply | Private Reply | To 42 | View Replies]

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
[ Post Reply | Private Reply | To 40 | View Replies]

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!)
[ Post Reply | Private Reply | To 2 | View Replies]

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)
[ Post Reply | Private Reply | To 21 | View Replies]

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.)
[ Post Reply | Private Reply | To 3 | View Replies]

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
[ Post Reply | Private Reply | To 21 | View Replies]

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)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Chuzzlewit

I’m 27 and I prefer plain clothing.


51 posted on 09/27/2013 9:40:24 AM PDT by wastedyears (One nation, under wub. Saints Row IV)
[ Post Reply | Private Reply | To 38 | View Replies]

To: SoFloFreeper

OH MAN

I thought they change for the better they got rid of other CEO Ron Johnson apparenlty not

I haven’t been inside JC Penney for 4 years now I been going to KOHL or Walmart


52 posted on 09/27/2013 9:42:46 AM PDT by SevenofNine (We are Freepers, all your media bases belong to us ,resistance is futile)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SoFloFreeper

Regardless of JC Penny’s “agenda”...the store just sucks. They should have been gone long ago.


53 posted on 09/27/2013 9:54:45 AM PDT by TangledUpInBlue (I have no home. I'm the wind.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: nascarnation
Buick today isn’t much like Buick of old.

Maybe not, but in much of this state, Buicks - old OR new - are driven by humans that are old. So much so that it's sort of a "coin of the realm" as far as stereotyping goes

("Did you see that? Right through the stop sign... nice driving, grandma! Oh, yeah!!! She's drivin' a Buick. That's just PERfect.")

Mr. niteowl77

54 posted on 09/27/2013 9:57:42 AM PDT by niteowl77 ("There's nothing a vulture hates more than biting into a glass eye.")
[ Post Reply | Private Reply | To 42 | View Replies]

To: SoFloFreeper

bump


55 posted on 09/27/2013 10:02:14 AM PDT by WashingtonSource
[ Post Reply | Private Reply | To 1 | View Replies]

To: SoFloFreeper

That image is just sick. Two mentally deranged idiots with direct access to children.


56 posted on 09/27/2013 10:06:55 AM PDT by CodeToad (Liberals are bloodsucking ticks. We need to light the matchstick to burn them off. -786 +969)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Mastador1
Irregardless of what they do or do not promote, they stopped carrying the few things, their own brand, that I went there to purchase.

I think you're on to something. I know a lot of people choose to believe that the gay marketing is what destroyed Penney's. This may or may not be the case. I don't know. Fact is, there's a lot of other companies out there marketing to gays that are doing just fine.

One thing I do know is that Penney's today barely resembles the Penney's I used to shop at a few years ago. At one time I really liked their St. John's Bluff brand of casual wear. They were durable, fit well and their t-shirts, polos and oxfords came in about 100 different colors. They always had good prices on jeans and dockers as well. My closet was full of Penney's clothing. And then all of the sudden they just stopped carrying this stuff. And that's pretty much when I stopped shopping at Penney's.

57 posted on 09/27/2013 10:07:31 AM PDT by Drew68 (Cruz '16)
[ Post Reply | Private Reply | To 46 | View Replies]

To: SoFloFreeper

That right there is why I absolutely refuse to do business with JC Penney. While I’m certain my measly little business has had no effect, I’m am also certain I am not the only person who has quit shopping there for this very reason.


58 posted on 09/27/2013 10:14:12 AM PDT by TheBattman (Isn't the lesser evil... still evil?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SoFloFreeper

JCP fired the guy who promoted the homosexual ads.

Just left a JCP store with two items on a great sale. Employees are much more positive now.


59 posted on 09/27/2013 10:14:51 AM PDT by SeaHawkFan
[ Post Reply | Private Reply | To 1 | View Replies]

To: Drew68; tioga; xsmommy; secret garden; Texan5; Tax-chick; Monkey Face
To answer your answer with the "bigger picture" questin: What should "I" leave my house, drive through traffic for an hour to a distant mall, walk all the way to shop at JC Penny "just" for clothes when "nothing" they have is different from any other Chinese-Indonesian-Thailand-Mexico-Guatemala-Korean clothes shop or multipurpose store (like Walmart, Sears, or Target)? My time is too valuable to go to one place "just for clothes" if those clothes have no value to me. Kitchen? Appliances? What is different on their shelves that Amazon is not cheaper and more convenient? If they have "nothing" different on their shelves for clothes - and they don't - then why should I go there if I ALSO don't like the politics and their continual in-your-face-gay-support
60 posted on 09/27/2013 10:16:06 AM PDT by Robert A. Cook, PE (I can only donate monthly, but socialists' ABBCNNBCBS continue to lie every day!)
[ Post Reply | Private Reply | To 57 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-8081-91 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson