Posted on 09/27/2013 8:48:31 AM PDT by SoFloFreeper
J.C. Penney’s stock hit a 13-year low Wednesday as investors grow increasingly concerned about the future of the 112 year old iconic American retailer.
Shares plunged more than 15% at one point and briefly dipped below $10 a share — a level they have not touched since November 2000.
Several analysts are predicting that J.C. Penney did not have a good back to school shopping season, and that sales continued to plummet in late August and early September.
Investors had already been spooked by reports that J.C. Penney might be seeking to raise more cash through the sale of new stock or bonds.
In a conference call with analysts last month, J.C. Penney executives said they would not need to raise more cash anytime soon. They expected to have $1.5 billion in cash by year-end.
But JPMorgan analyst Carla Casella recently estimated that the retailer could run out of cash by the third quarter of 2014 if J.C. Penney’s sales and profits failed to improve.
(Excerpt) Read more at wtvr.com ...
I got same email ad in my email box today you are so right
I love their horsemeat.
rimshot.
Likely, we will end up like Scandinavia. A handful of big companies that can survive under such oppression because they get breaks from the government. (See H&M or IKEA in Sweden)
They obviously need more homosexual customers.
Buy Barilla Pasta!
they wanted the homo market
they got it.
of course, as it’s only 2% of the overall market... and homos won’t shop there... they were destined to fail.
grats!
At least prostitutes tell you up front how much it’s gonna cost you.
OHH I didn’t know about that
I may buy more of Barilla Pasta LOL!
I love their product
i did this morning at Shop Rite!!
Do they sell a line of homo jeans with a zipper in the back? Gotta go big or stay at home.
Probably, and like the pre-washed, they come in “pre-stained”, too. Yuk.
I get my hair cut there. Last time, a couple weeks ago. The person doing may hair asked me for my phone number. She said she’s not leaving, but you never know...
From your post: “He messed up the company in more ways than one.”
Yes he did. As I said I don’t buy but the T-shirts, and will miss that down the road, but it’s a shame to see one of the few remaining of the old line stores go down due the idiocy of a Leftist fool(s). This is a case the board needs to be eyed for the influence that made the decision to hire the invidual.
From my post via yours: “It’s been part of the tactic of the Left to get their own into high positions ie; CEO, CFO, Presidents, and the like within major corporations, as well onto the Boards of Directors.”
I first noticed it during the Clinton Administration, and observed as news articles would inadvertantly report movements of personnel throughout the heirarchy of Wall St., and unelected Fed Gov. management positions, etc.
It became evident to me the same individuals linked to progressivism were popping up in positions of power, and influence.
It’s apparent the Leftists depend upon specific people to represent their interests in the leadership positions of major national corporations, and transnational corporations in either the heirarchy of management, or of influence on the board of directors.
No, JCP’s stuff was hideous, ugly and mal-fitting BEFORE their changeover.
Heck, I bought 4 suits from JCP last year.
Sorry, it’s just true. No one wants to buy some horrid suit that is too baggy and square [as in the shape, not unhip].
I’d say the rot had set in before that.
I haven’t bought a dress shirt at JCP in decades, for example.
In the past year or so, very good bargains were to be had on some very eye-catching suits. One can never have too many glenn plaid suits, you know.
Have not even been in a Penny’s store since they went homosexual..
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