No it’s not a kneww jerk reaction....I work at Penneys...
The news is true...Ron Johnson was fired this afternoon.
We are rejoicing!
As for sales.....we have marathone employees right now getting things ready for the sales and coupons you will see in the very near future.....
I am very glad about this.....
T the helm now is Mr. Ullman, who served 7 years until 2011....a good move by the board IMO....
So it’s going to get really interesting to see how th is goes now.....
All those new departments and name brand shops are going to be a problem. Their pricing was dependent upon the new supply method and delay to charge the company.
Now what to do about all the lost suppliers and downgrade of quality? Returning customers will notice it right away.
The BRAND is badly damaged.