Skip to comments.J.C. Penney stock sinks on falling sales
Posted on 05/16/2012 5:27:00 PM PDT by fwdude
NEW YORK (CNNMoney) -- J.C. Penney gave investors two reasons to ditch the stock: the retailer said Tuesday that it is suspending its dividend and that sales are dropping dramatically.
The budget-conscious chain said same-store sales dropped roughly 19% in the first quarter of 2012.
(Excerpt) Read more at money.cnn.com ...
Obama’s gay pride week doesn’t seem to be working out as planned.
penneys had that lesbo commie as a spokesfag and now sales plummet. bwahahahahhahahaa!!!!!!!!!!!!!!!!!!!!!!!!!!!
Don’t doubt that this is the prime reason, even though the Leftists will spin it like a Mexican top.
With all due respect, what is the point in using that word? ugly
JCPenny’s store is terrible now. They changed everything about it. Its like some college grad know it all came in and decided to change what works. Its become sterile, choppy and cold. I dont even go anymore
The news ain’t gay!
Yes, it is ugly. It fits their lifestyle.
Can we just cut the political correctness? This is Free Republic?
That company has been in financial trouble and they do something like that? What were they thinking?
I always used to shop at Pennies and I had their Credit Card.
One time put about $200 worth of stuff on the JCPenny card, later that month I moved and in the chaos of moving I inadvertently forgot to pay the card. Ok, my bad.
The next month when the bill came and I discovered my mistake I paid the bill in full. I wasn’t even that upset about the $35 late fee.
But even though I shopped there for over a decade and immediately paid my bill in full they still reported my missed payment to all the credit agencies and it hurt my credit rating, which hurt when I had to get a car loan.
I could see if I maxed out the card and/or they had to send multiple notices of lack of payment. But to do that to one of their good customers for just missing one payment.
When I called them to complain they claimed that it was the company they use for the credit card that did that not them and they couldn’t do anything about it.
My JCPenny card went into the shredder right after that and I never went back.
Its rude. Has nothing to do with political correctness. Carry on if you desire.
The former head of Apple Retail is now CEO of JCP. He was brought in to turn the chain around. This will take some time. The discontinuation of the perpetual sales and coupons was to streamline the shopping experience. The return policy has been made more friendly as well...
I sent a letter warning JCP when they announced their spokeswoman. They replied saying thanks, but they had already made the decision and would not change it.
JPC has no sales (under their new format.)
Kohl’s has a sales five times a week. Who is winning ?
Okay. How would you prefer I refer to sodomy?
In other words, no bargaining room. Wow, what a winning strategy.
It's like these "reconditioned pre-owned" (used) car superstores which say they offer a no-haggle pricing. So, whose price am I forced to accept?
Let’s hope they right their ship and get sales going north again. My friend works at the corporate office and wouldn’t want her or other good folks at Penney’s unemployed.