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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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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)
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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)
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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.)
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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.")
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To: SoFloFreeper

bump


55 posted on 09/27/2013 10:02:14 AM PDT by WashingtonSource
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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)
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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)
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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?)
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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
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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!)
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To: SoFloFreeper
Is the end near for J C Penney? Yes.
61 posted on 09/27/2013 10:19:18 AM PDT by Robert357 (D.Rather "Hoist with his own petard!" www.freerepublic.com/focus/f-news/1223916/posts)
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To: SeaHawkFan

I got same email ad in my email box today you are so right


62 posted on 09/27/2013 10:24:17 AM PDT by SevenofNine (We are Freepers, all your media bases belong to us ,resistance is futile)
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To: Catsrus

I love their horsemeat.

rimshot.


63 posted on 09/27/2013 10:26:47 AM PDT by slouper (LWRC M6A2)
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To: SoFloFreeper
I think the end is near for many stores and franchises.

Likely, we will end up like Scandinavia. A handful of big companies that can survive under such oppression because they get breaks from the government. (See H&M or IKEA in Sweden)

64 posted on 09/27/2013 10:28:45 AM PDT by riri (Plannedopolis-look it up. It's how the elites plan for US to live.)
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To: SoFloFreeper

They obviously need more homosexual customers.


65 posted on 09/27/2013 10:46:20 AM PDT by ilovesarah2012
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To: God luvs America

Buy Barilla Pasta!

http://www.chicagotribune.com/business/breaking/chi-barilla-pasta-boycott-20130927,0,1652350.story?track=rss


66 posted on 09/27/2013 10:47:37 AM PDT by Buckeye McFrog
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To: SoFloFreeper

they wanted the homo market

they got it.

of course, as it’s only 2% of the overall market... and homos won’t shop there... they were destined to fail.

grats!


67 posted on 09/27/2013 10:49:51 AM PDT by sten (fighting tyranny never goes out of style)
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To: jsanders2001

At least prostitutes tell you up front how much it’s gonna cost you.


68 posted on 09/27/2013 10:50:56 AM PDT by ilovesarah2012
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To: Buckeye McFrog

OHH I didn’t know about that

I may buy more of Barilla Pasta LOL!

I love their product


69 posted on 09/27/2013 10:51:01 AM PDT by SevenofNine (We are Freepers, all your media bases belong to us ,resistance is futile)
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To: Buckeye McFrog

i did this morning at Shop Rite!!


70 posted on 09/27/2013 11:01:48 AM PDT by God luvs America (63.5 million pay no income tax and vote for DemoKrats...)
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To: SoFloFreeper

Do they sell a line of homo jeans with a zipper in the back? Gotta go big or stay at home.


71 posted on 09/27/2013 11:01:57 AM PDT by ImJustAnotherOkie (zerogottago)
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To: SoFloFreeper; a fool in paradise
We'll just have to shop somewhere else, that's all!


72 posted on 09/27/2013 11:05:15 AM PDT by Revolting cat! (Bad things are wrong! Ice cream is delicious!)
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To: ImJustAnotherOkie

Probably, and like the pre-washed, they come in “pre-stained”, too. Yuk.


73 posted on 09/27/2013 11:11:42 AM PDT by carriage_hill (Peace is that brief glorious moment in history, when everybody stands around reloading.)
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To: SeaHawkFan

I get my hair cut there. Last time, a couple weeks ago. The person doing may hair asked me for my phone number. She said she’s not leaving, but you never know...


74 posted on 09/27/2013 12:03:40 PM PDT by virgil
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To: Sans-Culotte

From your post: “He messed up the company in more ways than one.”

Yes he did. As I said I don’t buy but the T-shirts, and will miss that down the road, but it’s a shame to see one of the few remaining of the old line stores go down due the idiocy of a Leftist fool(s). This is a case the board needs to be eyed for the influence that made the decision to hire the invidual.

From my post via yours: “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.”

I first noticed it during the Clinton Administration, and observed as news articles would inadvertantly report movements of personnel throughout the heirarchy of Wall St., and unelected Fed Gov. management positions, etc.

It became evident to me the same individuals linked to progressivism were popping up in positions of power, and influence.

It’s apparent the Leftists depend upon specific people to represent their interests in the leadership positions of major national corporations, and transnational corporations in either the heirarchy of management, or of influence on the board of directors.


75 posted on 09/27/2013 12:23:26 PM PDT by rockinqsranch (Dems, Libs, Socialists, call 'em what you will. They ALL have fairies livin' in their trees.)
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To: oh8eleven

No, JCP’s stuff was hideous, ugly and mal-fitting BEFORE their changeover.

Heck, I bought 4 suits from JCP last year.

Sorry, it’s just true. No one wants to buy some horrid suit that is too baggy and square [as in the shape, not unhip].


76 posted on 09/27/2013 12:37:57 PM PDT by JoeTheGeorgian
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To: JoeTheGeorgian
JCP’s stuff was hideous, ugly and mal-fitting BEFORE their changeover.
I agree, but only in the very recent past. I'd say they were pretty good up until 2009/2010 or thereabouts.
77 posted on 09/27/2013 12:44:44 PM PDT by oh8eleven (RVN '67-'68)
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To: oh8eleven

I’d say the rot had set in before that.

I haven’t bought a dress shirt at JCP in decades, for example.

In the past year or so, very good bargains were to be had on some very eye-catching suits. One can never have too many glenn plaid suits, you know.


78 posted on 09/27/2013 12:49:54 PM PDT by JoeTheGeorgian
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To: SoFloFreeper

Have not even been in a Penny’s store since they went homosexual..


79 posted on 09/27/2013 2:39:49 PM PDT by SECURE AMERICA (Where can I go to sign for the American Revolution 2013 and the Crusades 2013?)
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To: B Knotts
I am a couple of decades under 70 and love my Avalon. I’ve had it for some years, never a problem once. When it’s time for another car, it will be another Avalon. I’m not the least bit hip, and I’ve never spent a second waiting while my car was under repair other than routine maintenance.
80 posted on 09/27/2013 3:11:35 PM PDT by mrsmel (One Who Can See)
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To: Robert A. Cook, PE

Well said. When they’re already trying your patience in other ways, it only takes one more thing-and the sodomite support wasn’t a straw, it was an oak tree-to push you away for good.


81 posted on 09/27/2013 3:20:43 PM PDT by mrsmel (One Who Can See)
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To: riri

I literally haven’t stepped foot in the local mall for app 10 years, and it’s less than a mile from me. I hate shopping anyway.


82 posted on 09/27/2013 3:23:21 PM PDT by mrsmel (One Who Can See)
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To: mrsmel

I am not a big shopper either but I like having options and choices. I am not real keen on living in East Germany circa 1955.


83 posted on 09/27/2013 4:21:24 PM PDT by riri (Plannedopolis-look it up. It's how the elites plan for US to live.)
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To: mrsmel

A Toyota Avalon is a Lexus for 15% less money.


84 posted on 09/27/2013 8:37:43 PM PDT by SeaHawkFan
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To: CitizenUSA; GeronL; cyn; 444Flyer
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!

Their business plan is different from that of an uncorrupted people. Like Obama, they are in the business of destruction. Tearing down America and American institutions, traditions, culture, and businesses is the goal. They are motivated by the hate that they project upon the regular Americans who refuse to convert.

Scorched earth. It's not just DHS, DEA, IRS, LEOs et al no-knocking down the nation. Insider arsonists are busy burning down America from what used to be respected and honorable institutions (e.g. the military, Boy Scouts, traditional American companies).

The debased CEOs get a hold of these companies and then if the customer base votes with its feet, the business dies. That's a success - one less place where those ugly homophobes get to shop. Tick tock...

85 posted on 09/27/2013 9:32:14 PM PDT by Ezekiel (The Obama-nation began with the Inauguration of Desolation.)
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To: rockinqsranch

The discrimination in selecting members of the board of directors is promoted with recruitments from the college fraternities and sororities, linking the indoctrination in the educational establishment with the leaders of business and government. Universities actively recruit sexual deviants and corrupt leadership. At a major state university library, the man who was the chief librarian and married was notorious among university workers at the library for recruiting student workers for his department who were male, young, blonde, and gar or susceptible to gay advances. The man was also notorious for using one of the men’s restrooms at the library to hang out in the toilet stall and make advances under the partition to recruit young male students. Any male student who was not receptive to the advances found himself having problems with the university administration and his opportunities to earn good or even passing grades in the courses. Thirty five years later this man was deceased, and his witless acquaintances claimed to know nothing at all about his perversions and sexual harassment of the male students.; but another professor at the university continued the sexual abuse with at least one student who had to sue the university for the abuse and attempts to force the student out of the university. So, nothing had changed for the better in the last thrity five years at this major university. yet, those who passed the gay and lesbian screening of the students were rewarded with academic degrees and access to the ranks of management and government.


86 posted on 09/27/2013 9:52:52 PM PDT by WhiskeyX ( provides a system for registering complaints about unfair broadcasters and the ability to request a)
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To: Ezekiel

I don’t believe they want to destroy their companies, but I do think they put ideology ahead of corporate health. It’s more important for them to make a statement than a profit.


87 posted on 09/27/2013 10:20:29 PM PDT by CitizenUSA (Why celebrate evil? Evil is easy. Good is the goal worth striving for.)
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To: Sans-Culotte; rockinqsranch
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

http://www.duluthtrading.com/

You will not be sorry.

88 posted on 09/27/2013 10:35:54 PM PDT by roamer_1 (Globalism is just socialism in a business suit.)
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To: Ge0ffrey

Me either.


89 posted on 09/27/2013 10:41:03 PM PDT by Salvation ("With God all things are possible." Matthew 19:26)
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To: SoFloFreeper

I’ll be back shopping tomorrow. They are having a “$10 off $25” sale and you can print the coupons online, just like Obama prints money.

I stopped shopping at JCP when they stopped having sales. NO other reason..


90 posted on 09/27/2013 10:53:15 PM PDT by EnquiringMind
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To: roamer_1

Thank you for the link. I did go to that site, and found it interesting. Posted it to “favorites”. Thanks again.


91 posted on 09/28/2013 7:41:23 AM PDT by rockinqsranch (Dems, Libs, Socialists, call 'em what you will. They ALL have fairies livin' in their trees.)
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