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JC PENNEY EARNINGS DISASTER SAME-STORE SALES TANK 32%
Business Insider ^ | 2/27/13 | Matthew Boesler

Posted on 02/27/2013 2:11:40 PM PST by jimbo123

J.C. Penney's fourth-quarter earnings announcement is out.

The company announced an adjusted loss per share of $1.95, way below expectations of a much smaller loss of $0.24 per share.

Revenues came in at $3.88 billion. Analysts were looking for $4.08 billion.

Same-store sales were down 32 percent in the fourth quarter.

(Excerpt) Read more at businessinsider.com ...


TOPICS: News/Current Events
KEYWORDS: homosexualagenda
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Apparently the JCP Board of Directors has been taking steps to prepare to dump Ron Johnson, the CEO. No word if they're going to dump Ellen Degenerate as their spokeslesbian, too.
1 posted on 02/27/2013 2:11:48 PM PST by jimbo123
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To: jimbo123

Yeppers...queers are good for business.


2 posted on 02/27/2013 2:22:10 PM PST by who knows what evil? (G-d saved more animals than people on the ark...www.siameserescue.org.)
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To: jimbo123

How much brain power does it take to run a store that sells clothes?

It’s not like your breaking new ground or anything.

And I don’t have any issues with gays, but hiring a militant, radical lesbian - whom 75% of your shoppers don’t really like..... I mean... only a radical Liberal could do something that weapons grade stupid and act surprised.


3 posted on 02/27/2013 2:22:35 PM PST by Noamie
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To: Noamie

That’s part of the problem, the clothing sales industry has no room for innovation and is PACKED. They’re competing with every department store, and two dozen pure clothing stores. Penney is on the death spiral, they’ve got about 1/5 of the stock they used to have, when you can’t afford to fill your stores anymore then you can’t afford to pull out. They had a long series of bad decisions, Ellen isn’t even on the list.


4 posted on 02/27/2013 2:25:24 PM PST by discostu (Not just another moon faced assassin of joy.)
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To: who knows what evil?

It was a stupid business move.

Homos generally have ‘too good taste’ to buy the craptastic clothing Penney’s sells.

On the bright side, thanks to their desperate price slashing clearance sales, I got 2 pairs of seriously wicked cool snakeskin black skinny jeans dirt cheap.


5 posted on 02/27/2013 2:25:40 PM PST by Salamander (We're all kinds of animals comin' round here...occasional demons, too.)
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To: jimbo123

but they have targeted 2.5% of the us buying public as their ENTIRE strategy! how can they fail?

/s)


6 posted on 02/27/2013 2:28:55 PM PST by longtermmemmory (VOTE! http://www.senate.gov and http://www.house.gov)
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To: Salamander

My wife will be keeping a sharp eye out for that ‘going out of business’/’reorganizing under Chapter such-and-such’ SALE that we believe is coming soon. They took a beating like that in the FOURTH quarter? Ouch.


7 posted on 02/27/2013 2:30:19 PM PST by who knows what evil? (G-d saved more animals than people on the ark...www.siameserescue.org.)
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To: jimbo123

Remodeling and new departments continue at a rapid pace.

Old brand names and suppliers are gone and lesser quality and new producers are replacing the favorites. Quality has decreased.

Employees, I know, still think it is going to rebound. They are mostly young to 40 years old and can not understand the problem with Ellen and the two daddy’s or two mommy’s promotions for Mother’s and Father’s Day! (pictures on each advertisement)


8 posted on 02/27/2013 2:31:11 PM PST by 3D-JOY (If you missed FR as much as I did...please make an extra donation to keep it running...right now!)
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To: jimbo123

The move to court gays may be a concern for many but not for my wife, who doesn’t care about such things. She does care that the store got rid of the stuff she liked to buy there and replaced it with overpriced, poor selection of name brand stuff that she doesn’t like. Nobody wants to pay premium prices at JC Penny, that’s not their market and the market is letting them know it.


9 posted on 02/27/2013 2:31:11 PM PST by pepsi_junkie (Who is John Galt?)
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To: Noamie

Even their ads promote gays and lesbians and turn normal people off. This was intentionally done by their leader. I don’t think he really cares if the company is tanking.


10 posted on 02/27/2013 2:32:18 PM PST by GeronL (http://asspos.blogspot.com)
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To: longtermmemmory

Based on these trends, JCP will be out of cash by Christmas. They’re already delaying payments to vendors. The death spiral is accelerating. All because they decided to go homo.


11 posted on 02/27/2013 2:34:11 PM PST by jimbo123
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To: who knows what evil?

Not too far off. I was at the local mall recently, and we’ve been looking for new cotton sheets for our son’s bed(full) the last couple of days. She suggested JCP while I was there. I moaned and groaned and said “I’ll take a look”. But when they were less than half of the lowest price I’ve seen so far, I could resist.

I know, I know, I shouldn’t have. I’ve stopped going there for everything else, but when the price was that much lower than EVERYWHERE else I”ve looked ...

Going out of business sale would be nice however.


12 posted on 02/27/2013 2:36:37 PM PST by SengirV
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To: longtermmemmory

The “Fabulous” 2% will not be caught dead shopping there

:p


13 posted on 02/27/2013 2:36:57 PM PST by GeronL (http://asspos.blogspot.com)
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To: Noamie

You know what’s really disturbing is that Cover Girl thinks that persons face with makeup on it will sell their makeup.


14 posted on 02/27/2013 2:37:35 PM PST by petitfour
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To: jimbo123

Confessions of a Freeper: “I was a teenage JC Penney’s, shoe salesman.”


15 posted on 02/27/2013 2:38:28 PM PST by ansel12 (Romney is a longtime supporter of homosexualizing the Boy Scouts (and the military).)
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To: pepsi_junkie

Don’t mean to be nosy, but why would your wife not care about the most militantly leftist, oppressive movement in American history?

Is she permanently asleep?


16 posted on 02/27/2013 2:39:14 PM PST by fwdude ( You cannot compromise with that which you must defeat.)
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To: jimbo123

Christmas orders are final by May and delivery begins in July...can they make it?

Will the merchandise be what people expect or want?

These specialty departments within the store are very expensive renovations...I bet the companies are paying the bill and stocking the stores too...there might be a new plan at work. If they are buying from the distributer at the time of sale it might be interesting to see the results.


17 posted on 02/27/2013 2:40:43 PM PST by 3D-JOY (If you missed FR as much as I did...please make an extra donation to keep it running...right now!)
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To: pepsi_junkie

lol. I googled “JC Penney ad” and found news articles saying the brand is being revitalized and these gay ads are “smart merketing”.. lolz


18 posted on 02/27/2013 2:40:51 PM PST by GeronL (http://asspos.blogspot.com)
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To: ansel12

lolz


19 posted on 02/27/2013 2:43:59 PM PST by GeronL (http://asspos.blogspot.com)
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To: jimbo123

If they had picked Palin or Tebow as a spokesperson, every story would be about THAT decision being responsible for the fall of JC Penny.

Since they picked a degenerate homosexual, the usual suspects are out in full force to tell us how it didn’t matter and there is NO WAY that could be the reason.


20 posted on 02/27/2013 2:43:59 PM PST by icwhatudo (Low taxes and less spending in Sodom and Gomorrah is not my idea of a conservative victory)
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To: GeronL

Soon JC Penny will have to rename to JC Pervert.


21 posted on 02/27/2013 2:44:56 PM PST by editor-surveyor (Freepers: Not as smart as I'd hoped they'd be)
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To: GeronL

The mistake Penney’s made was being ‘in your face’ with those catalog ads...the straw that broke the camel’s back. My wife used to LOVE Penney’s, but those ads did it for her.


22 posted on 02/27/2013 2:47:32 PM PST by who knows what evil? (G-d saved more animals than people on the ark...www.siameserescue.org.)
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To: editor-surveyor

I don’t want to see what they’re selling by then


23 posted on 02/27/2013 2:48:21 PM PST by GeronL (http://asspos.blogspot.com)
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To: SengirV

I hope the quality of the sheets is good. Last I checked the “OLD” Penney’s brands were gone and the comparison to Walmart was a better match than the other department stores.

The thread cound and microfiber count are very different standards and the long staple threads and PIMA cotton words did not exist there anymore.

Most of the time we get the quality that we pay for, famous designers excluded.


24 posted on 02/27/2013 2:48:25 PM PST by 3D-JOY (If you missed FR as much as I did...please make an extra donation to keep it running...right now!)
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To: 3D-JOY

>> “Will the merchandise be what people expect or want?” <<

.
Sure! Double ended dildos, tandem enema bottles, glass top coffee tables...

All the regular stuff.


25 posted on 02/27/2013 2:49:29 PM PST by editor-surveyor (Freepers: Not as smart as I'd hoped they'd be)
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To: icwhatudo

they were running the gay ads for a good while before hiring Ellen Degenerate


26 posted on 02/27/2013 2:50:38 PM PST by GeronL (http://asspos.blogspot.com)
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To: who knows what evil?

bump


27 posted on 02/27/2013 2:52:05 PM PST by GeronL (http://asspos.blogspot.com)
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To: jimbo123

I use to be a big JCP catalog shopper when I lived in the rural countryside, but that was over 30 years ago.
Like most everything that was once good in America, It is all “gone with the wind”.


28 posted on 02/27/2013 2:52:29 PM PST by AlexW
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To: jimbo123
JCP could cut the price of their clothing by 80% and still make money on their investment. For instance, a piece of clothing made in China, JCP buys for $1 and sells it for $35. Maybe there's a Rothchilds and Rockefeller on the JCP board. Oh, that can't be, those people don't have to invest, they just tell the obozo and Bernanke to have the Federal Reserve Bank print them up some more.
29 posted on 02/27/2013 2:52:58 PM PST by drypowder
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To: GeronL

They’re already selling degeneracy now by their choice of representatives. The changes on the shelves can’t be far off.


30 posted on 02/27/2013 2:52:58 PM PST by editor-surveyor (Freepers: Not as smart as I'd hoped they'd be)
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To: drypowder

maybe, but I think less.

I do know at one time they paid $6 for a T-Shirt that came tagged at $28. It was immediately put on sale/promotion at 2 for 30$. They sold much more than if it said $14.99 to begin with.


31 posted on 02/27/2013 3:00:18 PM PST by 3D-JOY (If you missed FR as much as I did...please make an extra donation to keep it running...right now!)
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To: AlexW

Catalog counter is gone. You go to the department and they go to the stockroom and bring it to you on the sales floor.

Hope you can find a clerk.


32 posted on 02/27/2013 3:02:59 PM PST by 3D-JOY (If you missed FR as much as I did...please make an extra donation to keep it running...right now!)
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To: 3D-JOY

I expect JCP will tell their vendors that they must accept getting paid after 180 days or they will get dropped.

Funny thing is that the vendors that go along with the 180 day deal will get screwed in bankruptcy if JCP files after Christmas.


33 posted on 02/27/2013 3:03:25 PM PST by jimbo123
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To: jimbo123

Apple has a product excellence value discipline, and JC Penney has a quasi-operational excellence value discipline, yet they couldn’t see Ron the Apple Genius wasn’t going to work out.

What passes for strategic thinking nowadays . . .


34 posted on 02/27/2013 3:05:12 PM PST by RinaseaofDs
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To: GeronL
lol. I googled “JC Penney ad” and found news articles saying the brand is being revitalized and these gay ads are “smart merketing”.. lolz

I didn't realize they were still pushing this crap.

Let it burn.

35 posted on 02/27/2013 3:05:42 PM PST by St_Thomas_Aquinas
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To: St_Thomas_Aquinas

apparently they ran a big TV ad during the Oska’s


36 posted on 02/27/2013 3:09:25 PM PST by GeronL (http://asspos.blogspot.com)
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To: RinaseaofDs

Apple has a cult. JCP doesn’t. It’s easy to sell Apple to their cult members. That’s what Johnson failed to understand. And that’s why the JCP board is getting ready to give him the boot once they have his replacement lined up. And a pre-packaged bankruptcy might also be part of the deal.


37 posted on 02/27/2013 3:09:44 PM PST by jimbo123
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To: jimbo123
Since each vendor gets to have a boutique store within a store at a much cheaper per square foot price maybe they will think it is worth the possibility. That might be covered by the purchase at time of sale that Penney's might have negotiated.
38 posted on 02/27/2013 3:10:25 PM PST by 3D-JOY (If you missed FR as much as I did...please make an extra donation to keep it running...right now!)
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To: St_Thomas_Aquinas


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39 posted on 02/27/2013 3:12:24 PM PST by musicman (Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
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To: 3D-JOY

The JCP board is pissed at Johnson for not testing the store within a store before he committed to it all the way. They told him to test it and he disregarded their direction. He’s toast and the store within a store plan might be toast too after he’s given the boot.


40 posted on 02/27/2013 3:14:27 PM PST by jimbo123
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To: 3D-JOY
my point was that this economy is and has been nothing but a big shell game by the banking cartels and a ponzi scheme by our government who is controlled by the banking cartels.
Regardless of their pricing structure, US corporations have been forced economically to turn to China for goods and JCP is just another of thier victims.
41 posted on 02/27/2013 3:17:30 PM PST by drypowder
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To: who knows what evil?

i paid them off a yr ago. never looked back


42 posted on 02/27/2013 3:18:08 PM PST by Donnafrflorida (Thru HIM all things are possible.)
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To: jimbo123

Dump current management, get rid of the home decor section and replace it with guns/ammo/hunting and fishing.

Get rid of the ghetto and fag fashions and replace with Carharts and outdoor wear.

Hire Ted Nugent to be the spokesperson.

Stock would soar!


43 posted on 02/27/2013 3:18:08 PM PST by Rebelbase ( .223, .224, whatever it takes....)
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To: jimbo123
Ron Johnson, chief executive officer of jcpenney said, "Sales and customer traffic were below our expectations in 2012, but as we execute our ambitious transformation plan ..."
Transformation to what? You're a feckin' clothes retailer.
The only thing you're transforming to is the Titanic.

44 posted on 02/27/2013 3:18:17 PM PST by oh8eleven (RVN '67-'68)
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To: GeronL
This 6/12 article from Yahoo tickled my funny bone:

J.C. Penney: Does Going Gay Make It a Buy?

Betcha can guess their answer to the question. I hope they invested.

45 posted on 02/27/2013 3:20:39 PM PST by St_Thomas_Aquinas
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To: oh8eleven

Johnson isn’t even a clothes trader. What did he sell when he was at Apple?

3 types of iphones
3 types of ipads
3 types of ipods
3 types of ilaptops
3 types of idesktops

Thats it. And he didn’t even have to really sell, either. The Apple cult just buy whatever is thrown at them.

Titantic is right.


46 posted on 02/27/2013 3:23:44 PM PST by jimbo123
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To: All

People, this has nothing to do with Ellen. Most people like Ellen, or at least are not offended. At least enough to not cause a 32% drop in sales.

The problem is that people are BROKE. Cannot afford JC Penney old lady clothes. Face it, it’s not about gay Ellen, it’s about outdated clothes that are overpriced.


47 posted on 02/27/2013 3:24:11 PM PST by autumnraine (America how long will you be so deaf and dumb to thoe tumbril wheels carrying you to the guillotine?)
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To: who knows what evil?

...bump to the top


48 posted on 02/27/2013 3:32:28 PM PST by ptsal (E)
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To: St_Thomas_Aquinas

lol!!

a head line from ABC:

JC Penney Raises Ire With Another Gay-Friendly Ad - ABC News

Jun 1, 2012 – (Image credit: J.C. Penney Catalog) Is JC Penney trying to become GayC Penney, or is it just a smart marketer? Last year, the company ...


49 posted on 02/27/2013 3:36:02 PM PST by GeronL (http://asspos.blogspot.com)
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To: autumnraine

” Most people like Ellen,”

Surely you jest?


50 posted on 02/27/2013 3:36:37 PM PST by Rebelbase ( .223, .224, whatever it takes....)
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