Posted on 06/18/2012 5:52:05 PM PDT by jimbo123
Somethings up at J.C. Penney.
After the closing bell, the department-store operator announced President Michael Francis was leaving, effective today, after only eight months on the job.
Shares dropped 6.5% in after-hours trading to $22.75 in after-hours trading. The stock is down nearly 50% since early February.
(Excerpt) Read more at blogs.wsj.com ...
I like JCP to shop. I rarely watch TV so I’ve never seen “gay ads” from them, but didn’t they begin a mktg strategy of “everyday low prices, no sales”? Was that Francis’ idea? The article doesn’t attribute his ousting to any particular thing, but I think that whole campaign pretty much backfired.
I’m sure he got a good severance package.
Some other PC company will pick him up on waivers.
Normal people don’t shop where the homosexual is the preferred customer.
Normal people don’t shop where the homosexual is the preferred customer.
Well my friend (she’s an avid christian) works for JCP and hate for her to lose her job. Let the gay loving management lose theirs instead. Old man Penney would be rolling in his grave to see this pervy nonsense come to his stores.
Guess the hate American families campaign didn’t work??
And there is no J.C.Penney store in San Fagsisco, certainly nowhere near the Queerland district there!
I was in Penneys last weekend. I had a gift card to spend.
First salesperson I ran into I asked
“Where’s the leather boutique?”-
She understood,and looked sympathic.
Smart businessmen avoid controversial social issues. This guy is a fool.
Well so much for the Christmas Carole “Deck The Halls” ....
Thanks for the info.
I guess I missed the gays ads. What were they?
So the Heterophobic Marketing Strategy didn’t work out so well? What a shock.
I really like JC Penny, too. I can get nicer (thicker) t-shirts for the fellas for a darn good price, many times better than the prices at Wally-world and they are of thicker material and better quality.
They have Dockers and such for a good price and it is cleaner than Wally World. Also, JCP is fantastic for low-cost drapes and such.
JC Penney President Mike Francis Came, Saw, Collected $10 Million, And Quit Nine Months Later
http://www.zerohedge.com/news/jc-penney-president-mike-francis-came-saw-collected-10-million-and-quit-nine-months-later
“Some other PC company will pick him up on waivers.”
Maybe SelectComfort. Since SCSS went all PC on Rush’s description of a whore as a whore, they’ve completely reorganized their marketing department. And their stock price is down about 25%.
“Faggotry is bad for business.”
I think it was a Rasmussen Poll that showed that only 2% - 3% of Americans are gay. (It seems like more because of their in-your-face militantism.) And 75% of Americans are opposed to homosexuality. You’d think this Penney exec would’ve done his due diligence before venturing on this theme. Nothing like pissing off 75% by catering to 2% of ‘em.
In the last catalog we got, there was a full two-page spread of boys/young men - about six of them. Not one caucasion in the bunch; all were black (maybe one/some Hispanic). Per Juan Williams, only about 8% of the population is black. Again... they’re catering to less than 10% of ut Americans.
How stupid IS this guy? No big shock they’re sinking like a rock.
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