Skip to comments.Is the end near for J.C. Penney?
Posted on 09/27/2013 8:48:31 AM PDT by SoFloFreeper
J.C. Penneys 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. Penneys sales and profits failed to improve.
(Excerpt) Read more at wtvr.com ...
I’m 27 and I prefer plain clothing.
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
Regardless of JC Penny’s “agenda”...the store just sucks. They should have been gone long ago.
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.")
That image is just sick. Two mentally deranged idiots with direct access to children.
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.
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.
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.
I got same email ad in my email box today you are so right
I love their horsemeat.
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)
They obviously need more homosexual customers.
Buy Barilla Pasta!
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.
At least prostitutes tell you up front how much it’s gonna cost you.
OHH I didn’t know about that
I may buy more of Barilla Pasta LOL!
I love their product
i did this morning at Shop Rite!!
Do they sell a line of homo jeans with a zipper in the back? Gotta go big or stay at home.
Probably, and like the pre-washed, they come in “pre-stained”, too. Yuk.
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...
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: “Its 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.
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].
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.
Have not even been in a Penny’s store since they went homosexual..
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.
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.
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.
A Toyota Avalon is a Lexus for 15% less money.
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...
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.
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.
You will not be sorry.
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..
Thank you for the link. I did go to that site, and found it interesting. Posted it to “favorites”. Thanks again.