I think we're still in the 2010 recovery summer...
Posted on 01/15/2014 2:54:54 PM PST by Zakeet
The bad news continues at J.C. Penney.
The ailing retailer announced Wednesday that it was cutting 2,000 jobs and closing 33 "underperforming" stores in an effort to rein in expenses.
The store closings -- listed here -- are likely to be complete by early May. J.C. Penney said it expected the moves to generate $65 million in annual cost savings.
(Excerpt) Read more at money.cnn.com ...
JCP had a bit of a bounce 3rd qtr. 2011. Downhill since 1st qtr. 2012. Advertising with same sex couples had no bearing at all. Those are just the facts.
The only question is JCP going before Sears ..The U.S can only support so many stores…think of all the ones that have gone in the last fifty years..
When the former Apple retail guru (Johnson) went to JCP, it could have worked if he had played it right. However, he immediately embraced the “gay” issue and somehow thought that would work. It was the thing that tipped good, solid middle class women against JCP.
What these people don’t seem to get is that many, many middle-class, non-religious people who answer surveys saying that they don’t have a problem with, say, gay marriage, privately feel that homosexuality is “icky,” and they don’t want to be around it or be involved in supporting or promoting it. Duh!
It demonstrates just how out of touch he was. It is amazing that someone that out-of-touch could be hired by the board.
I wonder how Starbucks is doing? My wife and I were BIG Starbucks customers for years, Gold Cards and all. Now, we haven’t spent a dime there since CEO Schultz came out so publicly for the gays. They have lost hundreds, if not thousands of dollars from us. On top of that, we tell everyone we know about it, including people at our church and with our hundreds of “friends” on FB.
I don’t begrudge a company some under-the-radar pandering to pacify the GLAAD blackmailers (Like Jess J. does with race issues), but when they make their political correctness a major public issue, they lose me and mine.
Vote with your dollars. After all, they can’t MAKE you spend your money with them.
One of the first gay problems of JCP was Ellen Degeneres’ marketing of their products. In your face, in your face, in your face...all the time and there is nothing you can do about it. Wrong, wrong, wrong.
JCP had a bit of a bounce 3rd qtr. 2011. Downhill since 1st qtr. 2012. Advertising with same sex couples had no bearing at all. Those are just the facts.
repost*
“I wonder if the suburban mall is an endangered species in the US.”
Oh, there’s no question about that at all. Covered malls are being torn down all over the U.S. right now and being replaced with a maze of stand-alone stores that you drive between and park in front of. This has been going on for over a decade.
Covered malls are basically dead. Too expensive to maintain. Draw hordes of feral yoots that drive off the REAL customers. And most people no longer have the money or time to “shop” by walking past a mile of boutique shops to get to the one shop they actually want to buy something from.
***
I agree. The mall I mostly go to now is new, uncovered, with high-end stores that appeal to adult working people with good incomes. It’s mixed in with nice upscale restaurants and grocery stores and located near upscale townhomes and other residential areas.
I rarely set foot in the nearby mall which seems to cater to the under 30 Hoe & Hoodie crowd. Too scary to go there at night.
You ain't just a whistlin' Dixie. Malls that were beautiful, thriving marketplaces, albeit stock-a-chock with annoying teenagers in heat, are now semi-ghost town stalking grounds for chippy young trouble-makers. You know a mall is on its way out when you start seeing roaming herds of spandex-wearing, muffin-topping, 250 lb female youts.
Penneys....I WANT ANAL SEX!!! I WANT ANAL SEX!!!! I WANT ANAL SEX AND YOU ARE A PERVERT IF YOU DONT AGREE WITH ME!!! yeah....that’s the ticket.
I think we're still in the 2010 recovery summer...
You like burnt coffee?
“Singing River Mall in Gautier Mississippi is virtually empty of stores.”
Here in NJ we have a large, brand-new mall complete with an indoor ski slope that never opened (it was completed a few years ago). The Xanadu Mall will be seen by the world next month (unless it is carefully avoided by the cameras) as it sits next to Giants Stadium (where the Super Bowl will be played).
Saw that in the USA Today section of the local Gannett generipaper. NJFatboy says he’s gonna make it a awesome, LOL.
See post # 51 (about the Xanadu Mall here in northern NJ); that whole situation speaks volumes about the future of this region (and much of the country). A huge, empty mall across from a weekly flea market where people buy everything from groceries to power tools to musical nstruments to bicycles.
People here in NJ aren’t too happy that it is being portrayed as a NY event; pathetic...
close the mall and make the flea market daily
While I do think JCP was struggling before the ads, hence the reason they were shaking up their business model, I find the store in Colorado Springs, CO closing very interesting.
Store is located in Chapel Hills Mall, smack dab in the middle of Focus on the Family and the Air Force Academy populations.
It would be interesting to see this store’s sales/profit history. I was there in the fall of 2012, seemed to be doing normal business.
Wow...so how’d that “queer thing” work out for ya?
Is Penney’s still gay? I need some new shirts and I always had a good fit with their Staffords.
They’re closing our local Penney’s. Probably won’t miss them, since I haven’t shopped there in years.
Not fond of a store that values Ellen more than customers.
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