To: Le Chien Rouge
I agree with you on Macy's. They took on a ton of debt when the purchased federated and then did not consolidate their operations until it was too late. I am not sure I agree with you on JCP though. I would like to hear your thoughts on that.
Thanks!
31 posted on
12/09/2009 8:14:12 AM PST by
HOYA97
(Hoya Saxa = What Rocks)
To: HOYA97
I agree with you on Macy's.
If that happens, I'm not sure what will happen to the traditional annual New York City MACY's THANKSGIVING PARADE. What will replace it ? Or will there be none by then...
To: HOYA97
JC Pennys has had terrible earnings the last three quarters as had other retailers but JC Penny stores are mostly located in malls which are headed for extinction.
In the next 10 years, retail is going to change dramatically and I believe Pennys fades.
JMO...
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