Skip to comments.JCPENNEY TO CUT 2,000 JOBS, CLOSE 33 STORES
Posted on 01/15/2014 1:52:48 PM PST by Red in Blue PA
JCPenney is cutting 2,000 jobs and closing 33 stores as the battered department store seeks to revive revenue growth, the company announced Wednesday.
The move will save about $65 million annually beginning in 2014, the company said.
JCPenney, which has about 1,100 stores, has struggled to turn a profit since former CEO Ron Johnson was fired in April.
(Excerpt) Read more at finance.yahoo.com ...
Whats the problem, you turn off your customer base with your homo ads?
Wasn’t JC Penney targeted by some conservatives, because they were pushing homosexuality in ads, or somehow pushing the gay agenda?
Happy days are here again! Let the good times roll.
They turned off their customer base by selling crap.
Yep, that’s what I thought. How much of the 2% of the population which is thrilled with their endorsement of their agenda actually shop at JC Penney?
An organically grown, free range chicken in every pot!
None of them. JCP is not “fabulous”
I demand they keep those stores open. They..oh wait...
Waste of advertising dollars by clueless executives. Why would gays ever shop at JCP???
Its not and never will be trendy, flamboyant or camp enough for them.
Perhaps you drove away your base customers with your support of homosexuality???
lol!!!! Good post.
“...has struggled to turn a profit since former CEO Ron Johnson was fired in April”.
It’s hard to recover from the Ron Johnson catastrophe.
Kind of like, what has Obama/Reid/Pelosi done to America that it will be hard to recover from??
These malls will be converted into Section 8 housing.
Dept. stores suffer from the ongoing Baraqqi Depression and tough online competitors.
Looks like most of the closures are in BLUE STATES................
Another triumph for Obamanomics and the criminal in the Oval Office.
The reality of customer demographics in action.
24 BLUE STATES....................
They did. They were never a store I favored, but they used to have some reliable brands for decent quality and style clothes, nestled in separtate areas. Now, the one around here is a mess with no logic to its displays.
I haven’t seen their ads, but I have heard about them here. And I don’t like them. But can I say, I shop a lot at JC Penney. I like their clothes, they fit me (hallelujah!)and their prices are good. I am also nostalgic for those big box stores of my youth, Sears, Wards, K-Mart, Gemco, Zody’s and Wigwam (Hawaii). If I could I would have shopped at Goldwater and Sons in Phoenix and Diamonds here in Tucson.
My store is usually packed, especially with young families buying school clothes. I am kind of afraid to check if mine is getting the axe.
I was in a JC Penney store after Thanksgiving, it’s not the same JC Penney we have come to know. The stores look like crap! The reminded me of a KMart. Kinda sad.
Anyhoo, I made a mental note. Macy's has taken all of my JCP business, anyway. Their product quality is a little better, and I like their prices more.
A pox on JCP. Too bad, too. They used to be a good place to shop.
Also one of the implementations was to go to "everyday value" instead of sale prices. Once customers knew they could buy things they wanted when they really needed them, there was no impelling force to "buy today" or to even make the journey to the store and possible find some unrelated item.
Penney’s, Wards, Sears, and Woolworth used to have small stores in small cities. Now they are very hard to find.
In the Era of Baraq, Dollar General is the “new normal” for family clothing....or Goodwill.
Been a lot of complaints here about JCP but I got to say that I was in a Macy’s earlier this week that was worse than any Penney’s I’ve ever been in. Worst service I’ve had anywhere in years. Cloths stashed about with no organization about them. Empty racks and fixtures.
It was eye opening. Made the last few visits to JCP seem like high class shopping sprees.
Christmas sales were a disaster because of the Obamacare dividend.
” How much of the 2% of the population which is thrilled with their endorsement of their agenda actually shop at JC Penney?”
The TV told me this was a wonderful idea, because that 2% has SO MUCH disposable income!!
HOW COULD THIS HAVE HAPPENED???
there is a maketing reason for not advertising homosexuals. The second a homosexual couple is portrayed it becomes toxic to having “groom traffic”. Grooms who are repelled are a good reason to cancel weddings. Also a teeeeeeeny tiny tiny miniscule part of the 2% who claim homosexuality (m and f) are actually interested in alternative weddings.
“24 BLUE STATES....................”
Only 20 states on the list - MT is RED.
Stop smokin’ dope.
JC Penney wasn't...their gay friendly CEO Ron Johnson was. He was fired last year and replaced with the CEO he replaced. Penney's is working very hard to regain the trust and respect of their customers and they're doing a decent job of it, although it may be too little too late. They showed marked YOY same store improvement in bot Oct and Nov bur fell short in Dec. Of course retail in general had an awful December.
For my part I hope JC Penney recovers and retakes their place in the marketplace. I know a lot of great people who work for them and I'd hate to see them lose their jobs. My wife worked for Penney's for 25 years and they were very good to her. Penney's always treated their employees well...much better than the average retailer.
I’m with you; JCP quality is just fine and now that they are having sales again, I buy almost all my clothes there.
They have gone away from the pro-homosexual emphasis and the employees at my local JCP are happy about that.
I think this is directly related to the economy. They are closing four stores in WI and most of the locations they closing are in WI are in economically tenuous communities.
If anything, merchants such as K-Mart, with their Jingle Balls Christmas ad, ought to go down the flusher. That ad was offensive.
homosexuals alegedly spend money for politician’s campaignes too. 98% vs 2% hmmmmmmm no wonder the budget is a mess.
We are in the worst recession since the Great Depression, and we are about to experience another downturn with the fallout from Obamacare.
Sorry, I counted some of them twice.................
“Wasnt JC Penney targeted by some conservatives, because they were pushing homosexuality in ads, or somehow pushing the gay”
With a laser-like focus.
And the scary part it that we are living 40% above the real standard of where we should be, on the fake money created by the fed gov and paid out as entitlements and govt contracts.
Looks like Wisconsin took a hit with five of the stores being closed.
“Sorry, I counted some of them twice.................”
And they are not all blue...
Correct. But neither the stores nor the media will admit this.
Retailers all have suffered under the Obama regime. Obamacare is just another nail in the coffin.
The high cost of confusing colons with reproductive organs...
They changed the CEO, I bet they are still one of the biggest pro-homo companies in America
I will never shop there again
I really like the employees at my store too. I haven’t spoken to them about the homosexual topic, but I am glad to know they aren’t targeting the “alternate lifestyles” crowd anymore.
How’s that gay promo working out?
I won’t shop at JCP or K-Mart
So they filed moral Bankruptcy in 2010 and headed straight for financial bankruptcy in 2014/2015? that will make a great economic case study for an undergrad in the near future.
And a Volt in every garage!