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J.C. Penney’s cash flow tells a sad story
Marketwatch ^ | 11/12/12 | Matt Andrejczak

Posted on 11/12/2012 1:29:03 PM PST by jimbo123

J.C. Penney shares were the biggest S&P 500 percentage decliner Monday, tumbling 11% to $18.41 in afternoon trades as investors seem to be growing impatient with the company’s roughly year-old transform plan.

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


TOPICS: Business/Economy; News/Current Events
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Looks like it's bankruptcy time for JCP in 2013. I wonder if Ellen Degenerate will still collect a paycheck from them.
1 posted on 11/12/2012 1:29:07 PM PST by jimbo123
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To: jimbo123

Too bad, so sad.


2 posted on 11/12/2012 1:29:47 PM PST by dfwgator
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To: jimbo123

It would be a ripe time to walk in and buy Pennys but I don’t know who’d be that naive. Maybe some Chinese company?


3 posted on 11/12/2012 1:30:35 PM PST by pepsionice
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To: jimbo123

Women like Coupons if they want everyday low prices they go to Wal-Mart...

they think they are getting a bargian when they get to clip a coupon... But gay marketers always know better don’t they?


4 posted on 11/12/2012 1:32:06 PM PST by Rightly Biased (Avenge me Girls AVENEGE ME!!!! ( I don't have any son's))
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To: jimbo123

Executive Order #2012-645: Bankruptcy laws will be nullified (national “jobs emergency”). JCP will be required to stay open under govt receivership, “just until the crisis passes”.


5 posted on 11/12/2012 1:32:52 PM PST by Cletus.D.Yokel (Bread and Circuses; Everyone to the Coliseum!)
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To: jimbo123

Hoping they and NYT go bankrupt.


6 posted on 11/12/2012 1:32:58 PM PST by TigerClaws
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To: jimbo123

Since they kicked out the Salvation Army bellringers and started up homosexual advertising campaigns, none of my family have set foot in one of their stores. Good riddance to them.


7 posted on 11/12/2012 1:33:06 PM PST by Gabrial (The nightmare will continue as long as the nightmare is in the Whitehouse.)
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To: jimbo123

lol

part of their economic recovery, no doubt.

heh


8 posted on 11/12/2012 1:33:25 PM PST by GeronL (http://asspos.blogspot.com)
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To: jimbo123

Why would anyone swap “Penny’s” for “JCP”?

Plus the gay stuff...


9 posted on 11/12/2012 1:34:10 PM PST by donna (Pray for revival.)
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To: jimbo123

I used to love Penney’s but it’s even painful just to go into the store. It’s almost empty. No choice!


10 posted on 11/12/2012 1:35:03 PM PST by Cricket24 (Telling the truth is not attacking someone!)
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To: Cletus.D.Yokel

Good one! Mr. Thompson and Mr. Mouch would be so proud.


11 posted on 11/12/2012 1:37:13 PM PST by stoneyhll (If I am to err, let me err on the side of freedom)
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To: dfwgator

investors seem to be growing impatient with the company’s roughly year-old transvestite plan.


12 posted on 11/12/2012 1:37:23 PM PST by molson209
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To: jimbo123

Such idiots, caving to the gay mafia was so silly...I was embarrassed for them.


13 posted on 11/12/2012 1:37:23 PM PST by roses of sharon ("Truly I tell you, today you will be with me in paradise." Luke 23:43)
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To: jimbo123

Eliminating ‘sales’ (while your competition maintains them) and gay-themed advertising drives away customers in that middle class market. JCP is circling the metaphorical drain and frankly, won’t be missed by many shoppers.


14 posted on 11/12/2012 1:38:02 PM PST by Jim Scott (Obama must be defeated)
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To: jimbo123

The stockholders need to throw the CEO and Board out on their arses!


15 posted on 11/12/2012 1:38:16 PM PST by The Sons of Liberty (Never Underestimate the Power of Evil or Evil Doers)
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To: jimbo123

Pandering to 3% of the population isn’t a winning strategy. Then, you have all the folks who object to pandering to that 3% who won’t set foot in your stores any more. Again, not a winner ... actually it’s a loser. Add to that the election last week .... and a lot more folks are hunkering down and not spending money on non-essentials, not buying Christmas presents this year, etc. .... bummer. Obummer to be exact. What’s that they say when the plane is going down ... brace, brace, brace! Anybody with common sense had better “brace”!


16 posted on 11/12/2012 1:38:23 PM PST by MissMagnolia ("It is when a people forget God that tyrants forge their chains" - Patrick Henry)
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To: Gabrial

Same here. I pay $20/pr more for my Levi’s now. I go to the Boot Barn instead of Penneys and do it with a big ole smile on my face.
I used to like Penneys; but they pushed me out the door with their Sodom/Gomorrah stuff. Who needs it?


17 posted on 11/12/2012 1:39:33 PM PST by Migraine (Diversity is great; until it happens to YOU.)
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To: Rightly Biased

exactly—my sister and i were just talking about this the other day... that ever since JCP stopped their coupon program, neither of us have gone as much... the everyday low prices are not felt... seen... ironically, just recently she received a coupon in the mail from JCP...


18 posted on 11/12/2012 1:40:08 PM PST by latina4dubya ( self-proclaimed tequila snob)
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To: jimbo123

JCP wanted to insult me and my way of life which told me they did not want my money, so I never gave them any more money.


19 posted on 11/12/2012 1:40:14 PM PST by CodeToad (Padme: "So this is how liberty dies... with thunderous applause.")
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To: jimbo123
I wrote JCP back when they ran their gay dad ads and informed them that after being a customer for decades they had lost my business. They were too cowardly to write back. Good riddance to the company but I feel sorry for the workers who will lose their jobs, victims of the pro-gay agenda.


20 posted on 11/12/2012 1:41:06 PM PST by South40 ("Islam has a proud tradition of tolerance." - Barack Hussein Obama - Cairo, Egypt, June 4, 2009.)
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To: Migraine

How about ditching Levis themselves. Go with Wrangler, or maybe Lee, who aren’t (yet) in the gay tank.


21 posted on 11/12/2012 1:41:06 PM PST by HiTech RedNeck (How long before all this "fairness" kills everybody, even the poor it was supposed to help???)
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To: Cletus.D.Yokel
Directive 10-289:
  1. All workers are bound to their jobs and can neither leave nor be fired under penalty of one year in prison. The Unification Board, reporting to the Bureau of Economic Planning and National Resources, possesses judicial authority. All citizens upon turning 21 must register with the Unification Board which will assign them jobs in the best interests of the nation.
  2. All businesses must remain in operation and cannot close under penalty of nationalization and confiscation of property.
  3. All patents and copyrights are to be turned over to the government by the use of “voluntary” Gift Certificates. The Unification Board will license those processes to all applicants to eliminate monopolies. All brand names and private trademarks are abolished.
  4. No new inventions shall be produced or invented. The Patent Office is suspended.
  5. All business establishments will produce the same amount every year as they did in the baseline known as the Yardstick Year, to be enforced by the Unification Board.
  6. All citizens must purchase the same amount of goods every year as they did in the Yardstick Year, to be enforced by the Unification Board.
  7. All wages and prices are frozen.
  8. All cases arising from this directive are to be decided by the Unification Board.

22 posted on 11/12/2012 1:41:23 PM PST by Publius (Will comply with 10-289 for food.)
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To: jimbo123

Let it die. Maybe it will be replaced by a business that isn’t pro-sodomite.


23 posted on 11/12/2012 1:41:55 PM PST by SoFloFreeper
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To: jimbo123

Again, another boo frikin’ hoo from me. JCP made a desicion so now live with it.


24 posted on 11/12/2012 1:42:40 PM PST by ColdOne (I miss my poochie... Tasha 2000~3/14/11 0bie don' t eatl my dog!)
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To: jimbo123
I'm sure the 1% crowd will step up and cover the lost sales of all those despicable backwater family types from middle America!

Look, middle Americans are sick and tired of have the leftist and homosexuals stick their finger in our eyes telling us what we have to accept.

Send catalogues to MY house with homosexuals? Yeah, goodbye.

You have a choice. We have a choice. Enjoy receivership.

25 posted on 11/12/2012 1:42:52 PM PST by Obadiah (Americans said, "Give us Barabbas!")
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To: HiTech RedNeck

Walmart has George jeans $8.00


26 posted on 11/12/2012 1:43:17 PM PST by molson209
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To: jimbo123

Between the internet and all the discount stores, I don’t understand how JCP has lasted this long-it has been a retail dinosaur for years...


27 posted on 11/12/2012 1:43:17 PM PST by Texan5 (No-actually, we do NOT all have to get along...)
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To: Cletus.D.Yokel

You are being snarky, but FDR actually DID something like this to Montgomery Wards under the National Recovery Act.

http://www.history.com/this-day-in-history/fdr-seizes-control-of-montgomery-ward


28 posted on 11/12/2012 1:43:39 PM PST by Buckeye McFrog
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To: pepsionice

Bain Capital? Just and idea....


29 posted on 11/12/2012 1:44:06 PM PST by IllumiNaughtyByNature ($1.84 - The price of a gallon of gas on Jan. 20th, 2009.)
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To: jimbo123

This is really a shame. I remember when JC Penny and Sears were the go to stores. I brought some great suits at Penny’s.

Too bad they had to go freakazoid. They are finished.


30 posted on 11/12/2012 1:44:25 PM PST by upchuck (We are not finished yet. But when nobama chooses some more SCOTUS judges, we will be. For ever.)
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To: jimbo123
It's all just a part of this rich tapestry we call life.
31 posted on 11/12/2012 1:45:32 PM PST by tumblindice (America's founding fathers: All armed conservatives.)
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To: jimbo123

Goodby to that big mistake.


32 posted on 11/12/2012 1:45:37 PM PST by bmwcyle (Women reelected Obama)
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To: jimbo123
Their homosexual advocacy will (or has) destroy them.
Homosexual tolerance is just another left wing lie they're trying to force on to people.
Homosexuality is repulsive - period. It's disgusting, and most people don't want any part of it.
When JC Penny tried to force it on sane Americans, they rejected it big time - as they should.

We'll have nothing to do with their enterprise. No way will we allow our dollars to get pulled into their degenerate vortex.

33 posted on 11/12/2012 1:45:46 PM PST by concerned about politics ("Get thee behind me, Liberal")
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To: Rightly Biased

Gay people have more disposable income.
They are also more fashion minded .
JC Penny’s doesn’t exactly scream trendsetting .


34 posted on 11/12/2012 1:45:50 PM PST by Morris70
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To: Jim Scott

“won’t be missed by many shoppers.”

We miss it. It was our first choice for average goods — casual clothes, stuff for the house, etc. We never visited again once we noticed the gay stuff. The existence of sales, or lack thereof, had nothing to do with our choice. Degeneres. Homo couples in their ads. Uh uh. No way, no how.


35 posted on 11/12/2012 1:47:06 PM PST by MayflowerMadam
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To: molson209

I currently get Wranglers because they are still a stand-up company.

Every time I hear “Deck The Halls” I get the creeps at the line “Don we now our gay apparel.”


36 posted on 11/12/2012 1:48:02 PM PST by HiTech RedNeck (How long before all this "fairness" kills everybody, even the poor it was supposed to help???)
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To: Cletus.D.Yokel

No need for executive orders now, Hussein is in.


37 posted on 11/12/2012 1:48:41 PM PST by Jyotishi (Seeking the truth, a fact at a time.)
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To: HiTech RedNeck

Only Wranglers here, for both me & the Mrs.


38 posted on 11/12/2012 1:50:00 PM PST by South40 ("Islam has a proud tradition of tolerance." - Barack Hussein Obama - Cairo, Egypt, June 4, 2009.)
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To: jimbo123

I stopped buying Cover Girl make-up and other products when Ellen became their spokesperson. Sorry, but I just don’t identify with lesbians.


39 posted on 11/12/2012 1:51:55 PM PST by ilovesarah2012
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To: South40

Penney’s great social experiment to see what the public really thought about gays. I guess they got their answer.


40 posted on 11/12/2012 1:52:34 PM PST by Brownie63
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To: jimbo123

41 posted on 11/12/2012 1:55:21 PM PST by martin_fierro (< |:)~)
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To: jimbo123

Well, I hope they are happy now.


42 posted on 11/12/2012 1:56:15 PM PST by Paladin2 (.)
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To: jimbo123

Target’s next and suspect they’re going to go down the same drain just any time.


43 posted on 11/12/2012 1:57:32 PM PST by Rashputin (Jesus Christ doesn't evacuate His troops, He leads them to victory.)
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To: jimbo123

I sent JC Penny an email about their anti-family advertising and policies.

I basically got the “screw up and the horse you rode in on, we don’ need your business” email reply.

How can a company be so stupid as to offend the people who buy 90% of the stuff (i.e. the rest of us)?


44 posted on 11/12/2012 1:57:50 PM PST by BereanBrain
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To: Jim Scott
. . . gay-themed advertising drives away customers in that middle class market. JCP is circling the metaphorical drain and frankly, won’t be missed by many shoppers.

Aye, there's the rub. In the highly-competitive field of retailing, there's far too many competitors. Once you tick off your long-term customers, they just go somewhere else and never come back no matter how you try, once again, to restructure.

There are quite a few places that have done that to me, and after a while, when something is needed, they never come to mind.

45 posted on 11/12/2012 1:58:35 PM PST by Oatka (This is America. Assimilate or evaporate.)
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To: jimbo123

My Grandfather, a close friend of J.C. Penney, is rolling in his grave.


46 posted on 11/12/2012 2:00:50 PM PST by jonrick46 (The opium of other people's money.)
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To: BereanBrain

Here’s the EXACT EMAIL and reply I got from JCP.
Note the reply is first, followed by a copy of my original email.


Thank you for taking the time to provide feedback on our Ellen commercials and partnership!

As we focus on being in sync with the rhythm of our customers’ lives and operating in a ‘Fair and Square’ manner that is rooted in integrity, simplicity and respect, we couldn’t think of a better person than Ellen DeGeneres. We are extremely proud to have her on our team.

Original Message Follows: ————————————

Form Message

Subject: General Inquiries
Topic: advertising
Comments: Over the years, my family has spent many thousands of dollars at JC Penny. Due to your support for anti-family ELLEN, we will no longer be shopping at JC PENNY. You might try having someone who represents families rather than destroys them as a spokesperson.
Email Address: (removed by user)


47 posted on 11/12/2012 2:03:22 PM PST by BereanBrain
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To: jimbo123
Not only gay support, BUT the store around my house has an employee who is allowed to wear her Islamic headgear which to many costumers is offensive and tacky around the store floor!! This store is located near a military base. I dropped them like a hot potato around a year ago and haven't done business with them since than!! In our very own soil..Tolerance for the muslim community and intolerance for the christian American community. I'm sure store policy in a muslim neighborhood would not allow a Christian sales person to wear a huge cross or clothing with scripture on the floor...I guarantee you!!
48 posted on 11/12/2012 2:08:10 PM PST by RoseofTexas
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To: roses of sharon
I know a lot of people have seen the video interview of the Russian KGB defector (Yuri something, made in the mid-1980s, I believe - it's on Youtube) who talked about the Soviets' standard psy-ops campaign for de-stabilizing entire countries. The campaign consisted, essentially, of inundating the country with propaganda that essentially trashed all of that country's cultural foundations and cultural icons so that the populace becomes "demoralized", which is to say that they have lost complete faith in their own culture, and instead cling to the new cultural icons that are invented to replace it (an example would be someone like Janeane Garafolo, who said she wanted to spit when she saw the US flag, but was choked with pride at a gay parade). A main point that o' Yuri made was that once the people were successfully demoralized, it was nearly impossible for them to make rational decisions based on hard evidence because the propaganda was so ingrained that it colored every aspect of their thinking. An example might be how many lefties are incapable of seeing members of certain minority groups as ever being criminal or evil - if one of them misbehaves, it is only because he was oppressed, discriminated against, etc.

Well, the reason I bring this up is because when I see a company like JCPenney engage in this pro-gay campaign at the expense of their own economic viability, I can't help but wonder if this is the result of their "demoralization". Even while they are going bankrupt, they CANNOT believe that it could be because they alienated regular Americans with their pro-gay stance, because in their minds, EVERYONE is pro-gay, only the bad fringe extremists disapprove of gay dads and whatnot. Even while their stocks plunge and sales dive, they cannot see the true cause because it goes against their programming. It is the only thing that explains their financial suicide. Even incompetence doesn't explain it.

I see this also with your average Democrat voter. They literally believe that EVERY SINGLE THING bad that happens in this country is because of Republicans/conservatives. In fact, what I see is that the very action of doing something corrupt, in their minds, automatically equates to "conservative". They cannot see the corruption of the Democrats, because Democrats are ALWAYS the good guys, so if a Democrat does something bad or fails, it must be the fault of a Republican somewhere, a sort of universal "Bush's fault" mode of thinking.

JCPenney's will most likely die, but they will blame it on Republicans/conservatives even as the last window is shuttered.
49 posted on 11/12/2012 2:08:11 PM PST by fr_freak
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To: jimbo123

Reading this article and the link within it gave me some new insight into their master plan. Sure, we all see the “no sales” and “all gay, all the time” stuff but that’s just marketing stuff. The real plan to a fundamental change from traditional department store to a collection of small brand-name shops all under one roof with a central cafe. The problem I have with this idea is that we have it already, it’s called the shopping mall. Why do I need JC Penny to recreate it on a smaller scale? I fail to see what the draw is.


50 posted on 11/12/2012 2:09:26 PM PST by pepsi_junkie (Who is John Galt?)
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