Skip to comments.JC PENNEY EARNINGS DISASTER — SAME-STORE SALES TANK 32%
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 ...
Yeppers...queers are good for business.
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.
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.
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.
but they have targeted 2.5% of the us buying public as their ENTIRE strategy! how can they fail?
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.
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)
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.
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.
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.
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.
The “Fabulous” 2% will not be caught dead shopping there
You know what’s really disturbing is that Cover Girl thinks that persons face with makeup on it will sell their makeup.
Confessions of a Freeper: “I was a teenage JC Penney’s, shoe salesman.”
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?
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.
lol. I googled “JC Penney ad” and found news articles saying the brand is being revitalized and these gay ads are “smart merketing”.. lolz
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.
Soon JC Penny will have to rename to JC Pervert.
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.
I don’t want to see what they’re selling by then
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.
>> “Will the merchandise be what people expect or want?” <<
Sure! Double ended dildos, tandem enema bottles, glass top coffee tables...
All the regular stuff.
they were running the gay ads for a good while before hiring Ellen Degenerate
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”.
They’re already selling degeneracy now by their choice of representatives. The changes on the shelves can’t be far off.
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.
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.
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.
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 . . .
I didn't realize they were still pushing this crap.
Let it burn.
apparently they ran a big TV ad during the Oska’s
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.
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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.
i paid them off a yr ago. never looked back
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!
Betcha can guess their answer to the question. I hope they invested.
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.
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.
...bump to the top
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 ...
” Most people like Ellen,”
Surely you jest?