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JC Penney to shed 33 stores, cut 2,000 jobs
MSN/Reuters ^ | 1/16/2014 | Phil Wahba

Posted on 01/16/2014 12:23:51 AM PST by South40

NEW YORK – J.C. Penney Co. said on Wednesday it would close 33 stores and cut 2,000 jobs as part of its efforts to return to profitability.

Chief Executive Myron Ullman said in a statement the action "addresses a strategic priority to improve the profitability of our stores."

Penney is the second major U.S. retailer in as many weeks to announce layoffs. Last week, Macy's Inc said it was eliminating 2,500 jobs. Those cuts will be offset over time as the retailer plans to add positions to its online business, leaving overall staffing levels unchanged at around 175,000.

(Excerpt) Read more at news.msn.com ...


TOPICS: Business/Economy; Culture/Society; Miscellaneous; News/Current Events
KEYWORDS: 1dontsearch; jobs; online; positions; profit; retail; stores
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1 posted on 01/16/2014 12:23:51 AM PST by South40
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To: South40

Two thousand more people out of a job.


2 posted on 01/16/2014 12:31:53 AM PST by CorporateStepsister (I am NOT going to force a man to make my dreams come true)
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To: South40

The “Ellen” layoffs.


3 posted on 01/16/2014 12:39:47 AM PST by Mamzelle
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To: CorporateStepsister

For those who haven’t figured out the current economic trend....we are in a depression. Folks don’t spend money on nice clothing or style or fashion....while in a depression. They cut back.


4 posted on 01/16/2014 12:46:45 AM PST by pepsionice
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To: pepsionice

It’s been a long time since JC Penney has sold “nice clothing or style or fashion.” Their quality has gone down the tubes, and they’ve been a dying store, barely holding on, for at least a decade now. Their problems go far beyond the “Ellen” thing, or even the 0bamaconomy.


5 posted on 01/16/2014 1:06:14 AM PST by Conscience of a Conservative
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To: South40

How is that going for the Zer0 Economy? Target Corp.’s fiscal third-quarter earnings fell 46%. Macy’s plans to cut 2500 jobs and close 5 stores. Struggling Sears in the United States dropped 9.2 percent during the holiday shopping season compared with the same period the previous year. According to retail industry tracker ShopperTrak, U.S. retailers posted their lowest holiday sales growth in four years after shoppers stayed at home despite some of the biggest discounts and promotions since the recession.

Wait until the full effects of Obamacare hit the economy.


6 posted on 01/16/2014 1:09:42 AM PST by jonrick46 (The opium of Communists: other people's money.)
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To: Mamzelle

What? You mean all those zillions of gay adorers did not run out to Pennys at Ellen beck and call? I am shocked. They even had an edgy gay CEO to improve the joint with sex kitten back to school outfits!!!!!!


7 posted on 01/16/2014 1:11:59 AM PST by SaraJohnson
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To: SaraJohnson
Hi Sara--I think the Apple fag Johnson or whatever his name was got zotted from JCP. Now I'm not for telling people what to do, but unless you want to have NO choice but to do all your shopping online, now is the time to support your local retailer!

Think about it: No stores to see stuff in person? No stores to get stuff today?

Support your local retailer!


8 posted on 01/16/2014 1:29:51 AM PST by 867V309 (I love potatoes-except, of course, Lena Dunham)
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To: South40

Homosexual ad failure.

9 posted on 01/16/2014 2:29:56 AM PST by SoFloFreeper
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To: SaraJohnson

Homosexual ad failure.

10 posted on 01/16/2014 2:30:52 AM PST by SoFloFreeper
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To: SoFloFreeper

I shopped at Penny for decades. There is one near my house. But I’ll never enter the building again. I wrote and told them so. Cowards lacked the balls to respond.


11 posted on 01/16/2014 2:43:06 AM PST by South40 (Liberalism is a Disease)
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To: South40
Wonder WHO Ellen knew to get the lesbo gig with Penneys.

Ellen only has her show for one reason....to promote her own personal agenda.

12 posted on 01/16/2014 2:44:07 AM PST by Sacajaweau
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To: Sacajaweau

I’ve never understood the attraction. She can’t sing, she can’t dance and she’s not funny. Factor in her perverse lifestyle and she’s downright repulsive. Amazingly, and sadly, she appeals to many Americans.


13 posted on 01/16/2014 2:49:36 AM PST by South40 (Liberalism is a Disease)
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To: Sacajaweau
Wonder WHO Ellen knew to get the lesbo gig with Penneys.

I highly doubt that Ellen was looking for the gig.

No, Ellen didn't need to look for a job with Penneys. Much more likely is that Penney's approached Ellen, having decided they needed to shore up the demographic segments she exemplifies.

Ellen only has her show for one reason....to promote her own personal agenda.

Ego? Sure. Gay? Sure. But definitely $$$. She may be queer and a libtard, but, when it comes to herself, she is a capitalist! Rich 'tards always are.

14 posted on 01/16/2014 2:59:53 AM PST by cynwoody
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To: South40
Think of all the gross shows you can and they have a wide audience...programs like sponge bob...

These programs are like white noise. Think about watching an "idiot" show...and you'll find you have little to no recall of the show. Ellen is an idiot show.

15 posted on 01/16/2014 3:23:31 AM PST by Sacajaweau
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To: Conscience of a Conservative
Their problems go far beyond the “Ellen” thing, or even the 0bamaconomy.

But their heart was one of 'ellen' and 'obama'. Doing things the wrong way is not the way to success. It drags one down as it is our country. Evil knows no bounds - the answer to 'how low can you go'.

16 posted on 01/16/2014 3:36:47 AM PST by presently no screen name
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To: Mamzelle

That is a popular misconception.

The reason JCP fell on hard times is it allowed a CEO to trash the hard earned lessons of retailing. He played fruit basket turnover and the basket never righted its self.

The damage was not from the political ellen decision but from plain old bad business.


17 posted on 01/16/2014 3:41:04 AM PST by bert ((K.E. N.P. N.C. +12 ..... History is a process, not an event)
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To: Conscience of a Conservative

“Their problems go far beyond the “Ellen” thing, or even the 0bamaconomy.”

I agree with that. My SO goes there out more of habit than anything, but I haven’t been there in years. They are a retailer from another century, for another century. Sad, but true.


18 posted on 01/16/2014 3:48:31 AM PST by beef (Who Killed Kennewick Man?)
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To: beef

“They are a retailer from another century, for another century. Sad, but true.”

Well put; the days of these types of stores are ending. Besides the inability to compete with Wal-Mart and Amazon (as Americans continue tightening their belts), in our increasingly segregated society exposing oneself to the unassimilated underclass encountered in public places like this makes no sense.


19 posted on 01/16/2014 4:08:01 AM PST by kearnyirish2 (Affirmative action is economic war against white males (and therefore white families).)
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To: South40

This is “music to my ears.”

Nothing could be better than to watch a “queer friendly” business slowly sinking under.

They closed the store in my home town last year and no one misses it.


20 posted on 01/16/2014 4:42:02 AM PST by DH (Once the tainted finger of government touches anything the rot begins)
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To: South40

They are bleeding cash in the dying market of low end mall retailers. They are not long for this world.


21 posted on 01/16/2014 4:45:26 AM PST by Wyatt's Torch
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To: bert

You are right but don’t tell people here. They are obsessed with the gay ad storyline. Not one single analyst on the Street has mentioned the ad campaign. The JCP story is about Ron Johnson.


22 posted on 01/16/2014 4:47:17 AM PST by Wyatt's Torch
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To: South40

Guess that income inequality thing is working pretty well. Marxism has failed everywhere it has been tried.

Pray America is Waking


23 posted on 01/16/2014 4:48:14 AM PST by bray (http://www.braylog.com/id47.html)
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To: bray
Pray America is Waking

America is dead. The body is just in the process of decay.

24 posted on 01/16/2014 4:56:32 AM PST by Flick Lives (Got a problem with the government? Have a complaint. Get a free IRS audit!)
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To: bert
The reason JCP fell on hard times is it allowed a CEO to trash the hard earned lessons of retailing. He played fruit basket turnover and the basket never righted its self.

The reason JCP fell is because it went fruity. I know lots of people who no longer shop at JCP and almost every one of them avoids it because it is a fag store. JCP turned it's back on Christian families and we found better places to shop.

The damage was not from the political ellen decision but from plain old bad business.

And the worst of those decisions (I'll admit there were many bad decisions made) was spitting on 97% of the population just to lust after the remaining 3%

JCP went gay and Americans want nothing to do with that.

25 posted on 01/16/2014 4:58:20 AM PST by John O (God Save America (Please))
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To: pepsionice

I buy ammo, gas, and groceries.


26 posted on 01/16/2014 5:18:24 AM PST by Resolute Conservative
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To: pepsionice

One of the stores being cut is in my area.

The prices are high, and so is the rent I assume. I am honestly surprised that the two other stores near me are still open.


27 posted on 01/16/2014 5:52:23 AM PST by redgolum ("God is dead" -- Nietzsche. "Nietzsche is dead" -- God.)
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To: bert

I know. But it was ridiculous to think that someone who represents 3% or less of the population is some kind of cultural leader. I don’t care about Ellen, her life, whatever, but I am sick to death of having a hostile culture forced on me.


28 posted on 01/16/2014 6:28:31 AM PST by Mamzelle
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To: South40

They renovated the two JCP stores I used to go in, they are awful. Less merchandise and choice of products. Silly to think that was ever going to work out as a business plan. I do not even walk in the door to browse. Why bother? I shop at Macy’s, Kohl’s, Bon Ton and Target all regularly.


29 posted on 01/16/2014 6:35:14 AM PST by tioga (Wise men still seek Him.)
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To: pepsionice

This is something that I think has been inevitable for a long time. I’m thankful I have a roof over my head, I know that much. I wonder how long this will realistically last.


30 posted on 01/16/2014 6:53:35 AM PST by CorporateStepsister (I am NOT going to force a man to make my dreams come true)
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To: kearnyirish2

It’s sad; malls used to be fun places and you could enjoy yourself while running shopping errands. Now thanks to the denizens of the dysfunctional underclass we can’t even enjoy this anymore.


31 posted on 01/16/2014 6:55:18 AM PST by CorporateStepsister (I am NOT going to force a man to make my dreams come true)
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To: bert

19 Sad Photos That Show Why JCPenney Is Closing Stores And Cutting Jobs

Read more: http://www.businessinsider.com/photos-inside-jcpenney-2014-1#ixzz2qZnDO7eJ


32 posted on 01/16/2014 7:37:25 AM PST by Wyatt's Torch
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To: presently no screen name
But their heart was one of 'ellen' and 'obama'. Doing things the wrong way is not the way to success. It drags one down as it is our country. Evil knows no bounds - the answer to 'how low can you go'.

I see what you're saying, but I just don't think the downfall of JC Penney has much, if anything, to do with evil, or with the company's "heart." It's just simple business. It was never going to be easy - like many mid-range department stores, they've been squeezed by high-end and more affordable competitors (both brick-and-mortar and internet). The problem is, JCP seemingly responded by slashing the quality of their merchandise.

All the stunts they've pulled over the past few years (the "gay" stuff, but also their "no sales" thing, and their recent attempts to sell "flashier"--but still terrible quality--merchandisa) was a last-gasp effort to find some market, some niche, someone to buy their merchandise. The efforts obviously failed, and may have helped speed the collapse along (by alienating what was left of their customer base), but the writing was on the wall well before JCP started the nonsense.

33 posted on 01/16/2014 7:54:16 AM PST by Conscience of a Conservative
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To: South40

When Penneys went homosexual I went straight for any store but them. I don’t plan on going back no matter. They have shown me their bottom price and I am not buying.


34 posted on 01/16/2014 8:19:46 AM PST by Ramonne
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To: Conscience of a Conservative

I, on the other hand, am quite amazed how standing up and fighting works.

Susan G. Komen suffers 22% drop in donations, due to Planned Parenthood abortion controversy

Company makes good on leaving Colo. Over gun laws

Chick-fil-A, One year later

“Duck Dynasty” backlash shows red-state spending muscle

Cracker Barrel backtrack: Duck back on menu; “We made a mistake, we listened to you, we apologize.”

Boy Scouts’ gay membership policy brings financial fallout

Goodbye New York, Hello South Carolina: Third gun company leaves over Cuomo’s SAFE Act

GM Dealers say low demand, not lack of supply explain poor truck sales

Are truck buyers avoiding GM because of Bailout?

University apologizes for stomping Jesus

Traffic slump at Olive Garden, Red Lobster, LongHorn; Smaller plates, cheaper items at Olive Garden

Sales booming for baker who sticks to his Christian faith

Thai Noodle House closes its doors after owner’s hateful Facebook post (Owner: I don’t give a damn about a bunch of white kids killed in Newton Connecticut)

Union fail: Walmart reports record sales (unions targeting them)

Home Depot employee says boycott ‘is having an effect’ (supporting gay pride)

Complaints cause atheist-funded billboards in North Carolina to come down

Ex-Limbaugh sponsor says dropping show during Fluke controversy hurt company

NRA stops U.N. Arms Trade Treaty

Boston’s Catholic mayor backs off vow to block Chick-Fil-A from city

Court Yard Hounds (Dixie Chicks remnants) play to 4 people

George Zimmer, Men’s Wearhouse founder, said he was ‘inappropriately’ silenced (backed Occupy Wall Street)


35 posted on 01/16/2014 11:09:47 AM PST by Haddit
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To: John O

The circle of which you know is not broad enough to understand the problem


36 posted on 01/16/2014 1:06:10 PM PST by bert ((K.E. N.P. N.C. +12 ..... History is a process, not an event)
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To: CorporateStepsister

“It’s sad; malls used to be fun places and you could enjoy yourself while running shopping errands. Now thanks to the denizens of the dysfunctional underclass we can’t even enjoy this anymore.”

You’re right; I’m in my early forties, and they reached their heyday in the 80s (when jobs were plentiful for adults and teens alike). Those days, and that economy, are long gone. I rarely go to malls anymore, and when I do I’m shocked at how many foreigners there and how few people are buying anything. Seems to be cell phone stores, food courts, and tattoo parlors now...


37 posted on 01/16/2014 5:27:54 PM PST by kearnyirish2 (Affirmative action is economic war against white males (and therefore white families).)
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To: bert

It’s very easy to see the problem, unless you are blind to what real Americans think.

JCPenney did the mortal sin of retail. They spit in the face of their customer base.

Faggotry is not accepted and never will be by the vast majority of people. JCP went gay and we now stay away. I’ve discussed this on web sites with hundreds of people over the years and the answer is always the same. While other factors may contribute, the real reason people don’t shop there any more is that Christians avoid gay stores and JCP went gay.

We’re not homo-phobic. We’re homo-disgusted and don’t want our children exposed to perversion


38 posted on 01/17/2014 5:44:22 AM PST by John O (God Save America (Please))
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To: kearnyirish2

And never go to a mall in a big city (unless you are heavily armed). It’s just not worth the risk


39 posted on 01/17/2014 5:45:27 AM PST by John O (God Save America (Please))
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To: kearnyirish2

Pretty much; at this one mall the bookstores are gone, the outlets are selling generic, uninteresting things, and there was a shooting at this one mall I liked going to.

This mall buses in people from the ghetto, explains everything.

I’m ticked that a lot of great malls are becoming nothing but babysitting services for the younger kids and troublemakers. Used to be a nice place, used to be fun to go to, but now it’s just a depressing, darkening place.

Pity since I liked to park my car at the book store, read there, sometimes buy a magazine and then make the trek to the mall and go to one of the restaurants.


40 posted on 01/17/2014 5:07:54 PM PST by CorporateStepsister (I am NOT going to force a man to make my dreams come true)
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To: John O

What a waste; can’t even enjoy shopping without worrying about getting shot.


41 posted on 01/17/2014 5:09:00 PM PST by CorporateStepsister (I am NOT going to force a man to make my dreams come true)
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To: kearnyirish2

“exposing oneself to the unassimilated underclass encountered in public places like this makes no sense”

Stinks; sometimes nothing is more fun than going on a small spree and then piling up on purchases, then putting the bags in the back of your car or the trunk and driving merrily off.


42 posted on 01/17/2014 5:10:40 PM PST by CorporateStepsister (I am NOT going to force a man to make my dreams come true)
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To: Conscience of a Conservative

Have to agree there; if their products were interesting to buy, I am certain that Penny’s will suffer more and more. Sears is not selling anything of quality either and I believe that a lot of places aren’t really TRYING to find interesting items.


43 posted on 01/17/2014 5:12:52 PM PST by CorporateStepsister (I am NOT going to force a man to make my dreams come true)
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To: bert

Their buyers (people who are supposed to find good stuff to buy to have sold at the stores) are not making much of an effort.


44 posted on 01/17/2014 5:14:00 PM PST by CorporateStepsister (I am NOT going to force a man to make my dreams come true)
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To: CorporateStepsister

I think the future of many malls is section 8 housing.


45 posted on 01/17/2014 5:14:04 PM PST by nascarnation (I'm hiring Jack Palladino to investigate Baraq's golf scores.)
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To: nascarnation

Ugh; or research/medical centers. That would certainly improve a lot of malls. It’s a real darned shame to be blunt.


46 posted on 01/17/2014 5:14:40 PM PST by CorporateStepsister (I am NOT going to force a man to make my dreams come true)
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To: CorporateStepsister

Sears/K-Mart is really hard to understand.
I don’t know what Eddie Lampert’s endgame is.
They are operating these as zombie stores.
I recently went into a Sears mall store (it’s been years) and it looked like it hadn’t been remodeled since the 80s.


47 posted on 01/17/2014 5:21:00 PM PST by nascarnation (I'm hiring Jack Palladino to investigate Baraq's golf scores.)
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To: South40

“And when you see these things come to pass, look up, for your redemption draws nigh.”


48 posted on 01/17/2014 5:43:45 PM PST by Varsity Flight (Extortion-Care is the Government Work-Camp: Arbeitsziehungslager)
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To: nascarnation

All the formerly thriving stores have just deteriorated. No one in corporate or the sales floor seems to be trying in any effective manner.


49 posted on 01/17/2014 5:47:10 PM PST by CorporateStepsister (I am NOT going to force a man to make my dreams come true)
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To: John O

“And never go to a mall in a big city (unless you are heavily armed). It’s just not worth the risk”

Most of our malls are in suburbs; there is one in Jersey City to which I’ve never been. Couldn’t imagine what that clientele is like...


50 posted on 01/18/2014 11:12:56 AM PST by kearnyirish2 (Affirmative action is economic war against white males (and therefore white families).)
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