pandering to the filthy 1% is not good for the bottom line...
Posted on 08/10/2012 3:22:18 AM PDT by abb
J.C. Penney Co. is reporting a bigger-than-expected loss and plummeting sales, as its customers continue to be turned off by a new pricing plan that gets rid of hundreds of sales in favor of every day lower prices.
It also withdrew its profit guidance for the year.
The department store, based in Plano, Texas, says that it lost $147 million, or 67 cents per share, in the quarter ended July 28. That compares with a profit of 14 million, or 7 cents per share.
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(Excerpt) Read more at finance.yahoo.com ...
The queer tie in is not the reason for the decline. The reason for decline is that the now fired CEO threw out all the rules of retail sales painfully learned over the life of the company. By standing retail on it’s head he lost sales and profits.
The company will now revert to some semblance of normal operations.
Come on, sodomites...rally for the cause! How about a ‘J. C. Penney’s Appreciation Day’? So the Starbuck’s one crapped out...that’s no reason to give up. May I suggest the Friday after Thanksgiving? Pack (so to speak) the stores with queers from the coast to coast, and get those registers ringing...
It's not only JCP, but other mall anchor department stores that are virtually bereft of shoppers all day long especially on week days.
Some empty mall stores that were formerly bustling with customers are now rented out to discounters, fly-by-nights selling cheap Chinese crappioli as well as flea market-type vendors.
The few customers that can be seen in the two Penney's within driving distance of me probably are totally unaware of the chain's gay policy. So let's keep our lazer beam on the main cause of the collapse of businesses in our country.....it's the economy, stupid. This is how we're going to bring down the Obama administration, not with a plethora of divisive side issues as Obama loves to have us concentrate on.
In the case of JCPenney, the gayness policy in actuality plays but a small part of the company's coming blackout. The simple fact is that no one is spending any discretionary money any more. They're holding on to it.
Leni
You are right. My city of 40,000 had two malls. The only thing left in one is a very samll Sears store. The other larger mall is half empty. It contains a Penneys and some other no name places. There is no reason to go in there except for the Hallmark store.
My wife and I were in the local Penny's a few months ago. After looking around for a while, I finally asked her "Who is buying this stuff?" Their clothes just looked weird to me or at least not geared to the older generation. So, I started looking at the younger people walking in the mall and it sure didn't look like they were wearing the Penny's junk either. It seemed like Penny's was more out of touch than just the gay thing.
Its customers were not turned off by the new "gay friendly" ad campaign the company recently aired as many claim. /propagandist impression
Young people support gay rights while old people oppose gay rights.
Young people spend more money on clothes than old people do.
Likewise with fast food and Chick fil a, young people spend more money on fast food than old people do.
Barney Frank and his buddies will be buying some new thongs, and the stocks will probably spike.
They used to have a good selection of sensible outfits for middle-aged women, at a great price if you waited for the sales, but recently, I haven’t been able to find anything.
The term ‘mall anchor’ has shifted - it now matches the nautical usage.
I understand economics and cost structures, but retailers are circling the drain with their product offerings. We have moved beyond American designs made in China to Chinese designs made in China, where tatty, ill-fitting, poorly-cut and short-lifespan clothing would make all buyers look like they’d purchased knockoff gear from an Asian street market.
They are desperate to portray this rubbish as fashionable, but don’t we all have a threadbare t-shirt with a long-forgotten band logo folded up somewhere in the back of a closet? Why do they think we will pay $25 for a ‘new vintage’ model? Moreover, why are they trying to revive the 70s, the decade that taste forgot?
Brands like Gap, Lands End and others that built their reputation and following on quality goods and word of mouth have squandered these precious advantages.
Like broadcasting, the choices made by buyers living and working in the dysfunctional Manhattan closed loop do not translate to the rest of America. The father of two in St Louis is rather unlikely to seek the same clothing that a rail-thin, chain-smoking, coke-sniffing Euroweenie wannabe would favor yet the Euroweenie’s choices are farmed out across the country.
The papers rely, as usual, on stating the obvious about consumer confidence and retailer woes about rent, Internet competition etc. They never get round to completing the logical circle i.e. provide some viable choices and business may return.
I find myself thinking there’s some accidental/partial truth in this story. Where I work currently, we have standard admission rates that are two bucks lower than our competition across town, but we offer no deals or specials as a tradeoff. Augusta being a military town, we get a lot of walk-ins and calls asking if we offer a military discount. When I explain that no, we don’t, because our prices are already lower than theirs WITH the discount, I get told that “We aren’t coming back”. Same thing with offering no food deals with admission (which you generally only think you’re getting a deal on) or using quarters instead of tokens (you lose money on tokens). Now, obviously those aren’t the only reasons JCP is declining, but there you are.
The completely lost our business when they went all out for the gay agenda.
Talbots used to be a civilized place to buy women’s clothes. Now the quality, cut and fit is on par with Target. I don’t see Talbots selling anything that isn’t deeply discounted.
The US is still the best looking horse at the glue factory.
Now, if we can just get rid of Obozo...
Heheheh, 'ya think! I also quit shopping with their business and I also told some of my friends about them as well and their newly targeted shopper. Good luck Pennys.
Good!
Their quality has plummeted. I have always bought Arizona jeans for my son. This season’s jeans are horrible. The denim is too thin. They will wear out in a couple of months.
They have also dropped the quality on their t- shirts. I used to buy St. John’s Bay tanks, t’s, and long sleeved crew necks for myself. I looked at the new ones and they are MUCH thinner this year.
I’m just glad that my Macy’s brought back Karen Scott. I wasn’t sure I’d have ANYWHERE to buy clothes this year.
Their quality has plummeted. I have always bought Arizona jeans for my son. This season’s jeans are horrible. The denim is too thin. They will wear out in a couple of months.
They have also dropped the quality on their t- shirts. I used to buy St. John’s Bay tanks, t’s, and long sleeved crew necks for myself. I looked at the new ones and they are MUCH thinner this year.
I’m just glad that my Macy’s brought back Karen Scott. I wasn’t sure I’d have ANYWHERE to buy clothes this year.
pandering to the filthy 1% is not good for the bottom line...
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