It’s a shame. That guy was kicked out and the “all gay” and “gay approved” themes were taken down. Sales were reinstituted too. It’s back to what it was, lost customers notwithstanding. My wife loves that place. But it’s sort of a ghost town usually. Anyway the main alternative is Amazon and that’s certainly not better politically.
Well I don’t understand what’s going on. My spouse has returned to shopping at Penney’s, but I don’t know how people, or analysts, can say that online is killing retail. Some retail? Maybe, but unless you can always and consistently buy stuff off the rack, I can’t imagine how people buy assorted clothes online at, say, Amazon.
My personal sense is that Penny’s, like Sears and others, got great deals when malls were booming and at that time signed long-term lease agreements that are now killing them.
Huge stores in high rent and now low volume malls would kill anybody. If they weren’t tied to these leases you would think that these types of retailers would move out of malls and create smaller, boutique stores in anyone of the millions of lower cost strip malls.
Sears, K-Mart, Boston Store, Penney’s, Macy’s, all these formerly big mall-centric retailers are going the way of newspapers.
Yes that CEO was gone quickly, he was a disaster for Penny’s he came from Apple and thought he could make JCPenny’s Apple Stores.. and it failed miserably, was fired, they brought back the previous CEO... Who isn’t this guy..
The Apple Guy who did all the damage was only CEO for 17 months, and his tenure was a disaster.
I get a lot of deal w/them online; haven’t been in a store in years.