J.C. Penney’s cash flow tells a sad story

Marketwatch ^ | 11/12/12 | Matt Andrejczak

[jimbo123]

J.C. Penney shares were the biggest S&P 500 percentage decliner Monday, tumbling 11% to $18.41 in afternoon trades as investors seem to be growing impatient with the company’s roughly year-old transform plan.

[HiTech RedNeck]

How about ditching Levis themselves. Go with Wrangler, or maybe Lee, who aren’t (yet) in the gay tank.

[Publius]

Directive 10-289:

1. All workers are bound to their jobs and can neither leave nor be fired under penalty of one year in prison. The Unification Board, reporting to the Bureau of Economic Planning and National Resources, possesses judicial authority. All citizens upon turning 21 must register with the Unification Board which will assign them jobs in the best interests of the nation.
2. All businesses must remain in operation and cannot close under penalty of nationalization and confiscation of property.
3. All patents and copyrights are to be turned over to the government by the use of “voluntary” Gift Certificates. The Unification Board will license those processes to all applicants to eliminate monopolies. All brand names and private trademarks are abolished.
4. No new inventions shall be produced or invented. The Patent Office is suspended.
5. All business establishments will produce the same amount every year as they did in the baseline known as the Yardstick Year, to be enforced by the Unification Board.
6. All citizens must purchase the same amount of goods every year as they did in the Yardstick Year, to be enforced by the Unification Board.
7. All wages and prices are frozen.
8. All cases arising from this directive are to be decided by the Unification Board.

[SoFloFreeper]

Let it die. Maybe it will be replaced by a business that isn’t pro-sodomite.

[ColdOne]

Again, another boo frikin’ hoo from me. JCP made a desicion so now live with it.

[Obadiah]

I'm sure the 1% crowd will step up and cover the lost sales of all those despicable backwater family types from middle America!

Look, middle Americans are sick and tired of have the leftist and homosexuals stick their finger in our eyes telling us what we have to accept.

Send catalogues to MY house with homosexuals? Yeah, goodbye.

You have a choice. We have a choice. Enjoy receivership.

[molson209]

Walmart has George jeans $8.00

[Texan5]

Between the internet and all the discount stores, I don’t understand how JCP has lasted this long-it has been a retail dinosaur for years...

[Buckeye McFrog]

You are being snarky, but FDR actually DID something like this to Montgomery Wards under the National Recovery Act.

http://www.history.com/this-day-in-history/fdr-seizes-control-of-montgomery-ward

[IllumiNaughtyByNature]

Bain Capital? Just and idea....

[upchuck]

This is really a shame. I remember when JC Penny and Sears were the go to stores. I brought some great suits at Penny’s.

Too bad they had to go freakazoid. They are finished.

[tumblindice]

It's all just a part of this rich tapestry we call life.

[bmwcyle]

Goodby to that big mistake.

[concerned about politics]

Their homosexual advocacy will (or has) destroy them.
Homosexual tolerance is just another left wing lie they're trying to force on to people.
Homosexuality is repulsive - period. It's disgusting, and most people don't want any part of it.
When JC Penny tried to force it on sane Americans, they rejected it big time - as they should.

We'll have nothing to do with their enterprise. No way will we allow our dollars to get pulled into their degenerate vortex.

[Morris70]

Gay people have more disposable income.
They are also more fashion minded .
JC Penny’s doesn’t exactly scream trendsetting .

[MayflowerMadam]

“won’t be missed by many shoppers.”

We miss it. It was our first choice for average goods — casual clothes, stuff for the house, etc. We never visited again once we noticed the gay stuff. The existence of sales, or lack thereof, had nothing to do with our choice. Degeneres. Homo couples in their ads. Uh uh. No way, no how.

[HiTech RedNeck]

I currently get Wranglers because they are still a stand-up company.

Every time I hear “Deck The Halls” I get the creeps at the line “Don we now our gay apparel.”

[Jyotishi]

No need for executive orders now, Hussein is in.

[South40]

Only Wranglers here, for both me & the Mrs.

[ilovesarah2012]

I stopped buying Cover Girl make-up and other products when Ellen became their spokesperson. Sorry, but I just don’t identify with lesbians.

[Brownie63]

Penney’s great social experiment to see what the public really thought about gays. I guess they got their answer.