Taste the Rainbow!!
Posted on 11/13/2012 3:34:59 AM PST by tobyhill
J.C. Penny Co. was hit with a downgrade at Credit Suisse as the retailer’s sales continue to slow.
Analyst Michael Exstein lowered his rating to underperform from neutral and cut his target price to US$15 from US$25 after the company reported its fifth straight quarterly loss on Friday.
Mr. Exstein noted that J.C. Penny’s cash position continues to dwindle and it is expected to generate only a minimal amount of EBITDA in 2012 and 2013. The company has already sold US$525-million in non-core assets this year.
“Time is no longer on J.C. Penny’s side, and going into the fourth quarter and beyond, we are concerned that J.C. Penny’s technological overhaul of both its back and front end systems could serve to create an even more challenging internal environment than is the case today,” the analyst told clients.
(Excerpt) Read more at business.financialpost.com ...
Yep, this guy can’t spel
I have not bought one item from JC Penny since they declared their support of the gay agenda.
Sears will be joining them in the dustbin soon after, I'm afraid. I went to the store near me here in north Texas last week, looking for something in the hardware department - only to find that two-thirds of the ceiling lighting fixtures were shut off. This was during business hours, and the entire first floor was like a cave. I asked a cashier about the lights and got only a downcast expression and a shrug in response.
Despite some seasonal displays - Christmas decorations and such - there was no sign of staffing-up for holiday sales. If anything, there are even fewer employees than last summer.
This was not a store that Sears listed a planned closure when that list came out some months ago.
Make that JC Penney where I haven’t shopped for anything.
One of the fairly new stores near me completely redecorated recently - looks more like a Macy’s inside - guess that was a waste of money.
One of the fairly new stores near me completely redecorated recently - looks more like a Macy’s inside - guess that was a waste of money.
It’s a shame what it’s come to. Back a few years ago, it was a great place to shop for clothing that was not super low cut (tops and bottoms), provocative or “slutty”. Hard to find decent looking attire these days for middle aged conservative women.
I still have the memories of a once-family oriented establishment with quality merchandise and decent prices. Let them live on, and let this rotting corpse die. The two are not connected.
Its all gay, all the time
And if you aren’t on board, you are a “hater.”
Sodomite destroy everything they touch, Christian denominations, schools, neighborhoods, and now entire business empires.
Maybe this is by design. They WANT to destroy any image that is even remotely connected with decency and family.
called my local Penney’s last year when they used Ellen to promote their products, and told them I would no longer buy them as long as they were promoting that lifestyle - shoulda seen the feedback on Facebook! entertaining to say the least....
HOMO-cide.
It's like Obama burning down the US!
Let's use it to shut down the MSM by boycotting their sponsors.
I was just thinking JCP should support the homos some more. That’s sure to make them profitable. I mean, homos make up at least two-percent of all consumers.
These days I do a lot more shopping online, and that may be where some retailers are headed. Probably saves these struggling companies money. There go more jobs.
I’ll bet there are some interesting mannequins in JCP.
Taste the Rainbow!!
Good!
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