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J.C. Penney Executive Departs After Eight Months on Job (Fired for failure of gay ads)
Wall Street Journal ^ | 6/18/12 | Steven Russolillo

Posted on 06/18/2012 5:52:05 PM PDT by jimbo123

Something’s up at J.C. Penney.

After the closing bell, the department-store operator announced President Michael Francis was leaving, effective today, after only eight months on the job.

Shares dropped 6.5% in after-hours trading to $22.75 in after-hours trading. The stock is down nearly 50% since early February.

(Excerpt) Read more at blogs.wsj.com ...


TOPICS: News/Current Events
KEYWORDS: ads; culturewars; fail; fired; gaycpenney; gayfail; homosexualagenda; jcpenney; michaelfrancis; mikefrancis; retail
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To: Revolting cat!
I can see Francis in Guccis but not JCP's generic penny loafers. Whatever they are, yeah--he's even lighter now!
21 posted on 06/18/2012 6:12:50 PM PDT by tumblindice (Sic Semper Tyrannis)
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To: jimbo123

I like JCP to shop. I rarely watch TV so I’ve never seen “gay ads” from them, but didn’t they begin a mktg strategy of “everyday low prices, no sales”? Was that Francis’ idea? The article doesn’t attribute his ousting to any particular thing, but I think that whole campaign pretty much backfired.


22 posted on 06/18/2012 6:13:48 PM PDT by workerbee (We're not scared, Maobama -- we're pissed off!)
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To: jimbo123

I’m sure he got a good severance package.

Some other PC company will pick him up on waivers.


23 posted on 06/18/2012 6:15:28 PM PDT by St_Thomas_Aquinas (Viva Christo Rey!)
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To: jimbo123

Normal people don’t shop where the homosexual is the preferred customer.


24 posted on 06/18/2012 6:16:54 PM PDT by vetvetdoug
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To: jimbo123

Normal people don’t shop where the homosexual is the preferred customer.


25 posted on 06/18/2012 6:17:25 PM PDT by vetvetdoug
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To: jimbo123

Well my friend (she’s an avid christian) works for JCP and hate for her to lose her job. Let the gay loving management lose theirs instead. Old man Penney would be rolling in his grave to see this pervy nonsense come to his stores.


26 posted on 06/18/2012 6:18:23 PM PDT by tflabo (Truth or tyranny)
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To: jimbo123

Guess the hate American families campaign didn’t work??


27 posted on 06/18/2012 6:20:46 PM PDT by bray (Power to We the People)
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To: jimbo123

And there is no J.C.Penney store in San Fagsisco, certainly nowhere near the Queerland district there!


28 posted on 06/18/2012 6:22:01 PM PDT by Revolting cat! (Bad things are wrong!)
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To: Tennessee Nana

I was in Penneys last weekend. I had a gift card to spend.
First salesperson I ran into I asked
“Where’s the leather boutique?”-
She understood,and looked sympathic.


29 posted on 06/18/2012 6:22:05 PM PDT by Vinnie (A)
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To: nascarnation
Don't know, sorry. But he made 8 months of 42 million a year, plus benefits, and was hobnobbing with some real players. Problem is, real players don't shop at Penneys. Maybe local players .... He'll wind up on either coast as a marketing manager for a store/client base that can appreciate and celebrate his, uh, taste.
30 posted on 06/18/2012 6:22:16 PM PDT by tumblindice (Sic Semper Tyrannis)
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To: jimbo123

Smart businessmen avoid controversial social issues. This guy is a fool.


31 posted on 06/18/2012 6:22:43 PM PDT by Oldeconomybuyer (The problem with socialism is that you eventually run out of other people's money.)
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To: jimbo123

Well so much for the Christmas Carole “Deck The Halls” ....


32 posted on 06/18/2012 6:23:19 PM PDT by SkyDancer
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To: tsowellfan

Thanks for the info.


33 posted on 06/18/2012 6:23:58 PM PDT by aquila48
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To: jimbo123

I guess I missed the gays ads. What were they?


34 posted on 06/18/2012 6:25:14 PM PDT by Half Vast Conspiracy (I made a prank call...pretended I was a mime.)
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To: bray

So the Heterophobic Marketing Strategy didn’t work out so well? What a shock.


35 posted on 06/18/2012 6:25:18 PM PDT by Brownie63
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To: workerbee

I really like JC Penny, too. I can get nicer (thicker) t-shirts for the fellas for a darn good price, many times better than the prices at Wally-world and they are of thicker material and better quality.

They have Dockers and such for a good price and it is cleaner than Wally World. Also, JCP is fantastic for low-cost drapes and such.


36 posted on 06/18/2012 6:27:23 PM PDT by Irenic (The pencil sharpener and Elmer's glue is put away-- we've lost the red wheel barrow)
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To: St_Thomas_Aquinas

JC Penney President Mike Francis Came, Saw, Collected $10 Million, And Quit Nine Months Later
http://www.zerohedge.com/news/jc-penney-president-mike-francis-came-saw-collected-10-million-and-quit-nine-months-later


37 posted on 06/18/2012 6:28:11 PM PDT by Jack Hydrazine (It's the end of the world as we know it and I feel fine!)
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To: St_Thomas_Aquinas

“Some other PC company will pick him up on waivers.”

Maybe SelectComfort. Since SCSS went all PC on Rush’s description of a whore as a whore, they’ve completely reorganized their marketing department. And their stock price is down about 25%.


38 posted on 06/18/2012 6:28:11 PM PDT by bossmechanic (If all else fails, hit it with a hammer)
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To: Half Vast Conspiracy

39 posted on 06/18/2012 6:28:11 PM PDT by jimbo123
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To: Third Person

“Faggotry is bad for business.”

I think it was a Rasmussen Poll that showed that only 2% - 3% of Americans are gay. (It seems like more because of their in-your-face militantism.) And 75% of Americans are opposed to homosexuality. You’d think this Penney exec would’ve done his due diligence before venturing on this theme. Nothing like pissing off 75% by catering to 2% of ‘em.

In the last catalog we got, there was a full two-page spread of boys/young men - about six of them. Not one caucasion in the bunch; all were black (maybe one/some Hispanic). Per Juan Williams, only about 8% of the population is black. Again... they’re catering to less than 10% of ut Americans.

How stupid IS this guy? No big shock they’re sinking like a rock.


40 posted on 06/18/2012 6:28:45 PM PDT by MayflowerMadam
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