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J.C. Penney cutting 2,000 jobs, closing 33 stores
CNN ^ | January 15, 2014

Posted on 01/15/2014 2:54:54 PM PST by Zakeet

The bad news continues at J.C. Penney.

The ailing retailer announced Wednesday that it was cutting 2,000 jobs and closing 33 "underperforming" stores in an effort to rein in expenses.

The store closings -- listed here -- are likely to be complete by early May. J.C. Penney said it expected the moves to generate $65 million in annual cost savings.

(Excerpt) Read more at money.cnn.com ...


TOPICS: Business/Economy; Culture/Society; News/Current Events
KEYWORDS: absolutemorals; economy; homosexualagenda; jcpenney
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You Freepers need to realize that their sales and stock price may have tanked and they are perilously close to bankruptcy after they embraced two moms and two dads for Mother's Day and Father's Day in 2012 ... but at least they were tolerant and inclusive ... and that is good!

1 posted on 01/15/2014 2:54:54 PM PST by Zakeet
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To: Zakeet

Countdown to the freeper homosexual defense team spouting off it had nothing to with their ads in 3-2-1....


2 posted on 01/15/2014 2:58:17 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: icwhatudo

Penny’s sucked way before people started fussing about those ads. Get a grip.


3 posted on 01/15/2014 3:00:40 PM PST by stuck_in_new_orleans
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To: Zakeet

The idiot CEO is gone.

Restructuring is occurring. Stock should start moving up based on this news.

It’s going to take JCP a few years to recover from this fiasco. Hopefully, other companies will learn the lesson that we don’t want this non-sense pushed on us.


4 posted on 01/15/2014 3:00:42 PM PST by AlmaKing
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To: Zakeet
Actual, their problems began before they pandered to the homosexuals. Remember their ridiculous pricing scheme?

JC Penney is the Kmart of high-end department stores.

5 posted on 01/15/2014 3:02:06 PM PST by Extremely Extreme Extremist (15 years of FReeping! Congratulations EEE!!)
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To: Zakeet

Seeing how it’s early January, is this part of the 2013 recovery summer or the 2014 recovery summer? We need this cleared up....


6 posted on 01/15/2014 3:02:28 PM PST by wny
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To: Zakeet

Only one closure on the West Coast, at Arrow Mall in Rancho Cucamonga.

Maybe they’re going to consolidate operations in CA, OR, and WA and ultimately become a West Coast regional chain of stores.


7 posted on 01/15/2014 3:04:01 PM PST by AnAmericanAbroad (It's all bread and circuses for the future prey of the Morlocks.)
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To: icwhatudo

Countdown to the freeper homosexual defense team spouting off it had nothing to with their ads in 3-2-1....

... and they're right ... cause we all know that boycotts by Christian Mothers and the American Family Association, among several other groups, never, ever have an effect.

8 posted on 01/15/2014 3:05:34 PM PST by Zakeet (If socialists understood economics, they wouldn't be socialists - Friedrich Hayek)
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To: icwhatudo

“Countdown to the freeper homosexual defense team spouting off it had nothing to with their ads in 3-2-1....”

Main reasons for JPC failure:

1. Eliminated the multiple sales, coupons, and reduced price racks that customers came to know and love.

2. Eliminated the solid brands that customers came to know and love and replaced them with weird, trendy boutique stuff.

3. POed a heck of a lot of people with blatant pandering to homos, which was completely stupid because JCP is not the kind of place urban homos would automatically shop at, whereas the existing JPC base included a great number of straight, devout, middle-class folk.


9 posted on 01/15/2014 3:05:59 PM PST by catnipman (Cat Nipman: Vote Republican in 2012 and only be called racist one more time!)
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To: Zakeet

If only minimum wage were 15 bucks they’d have succeeded. /sarc


10 posted on 01/15/2014 3:06:56 PM PST by Bogey78O (We had a good run. Coulda been great still.)
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To: Zakeet

Homos are everywhere. I don’t worry about em because I don’t go looking for em. What bothers me 95% more are the 2000 people losing their jobs.


11 posted on 01/15/2014 3:10:40 PM PST by Dallas59 (Obama: The first "White Black" President.)
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To: Zakeet

When you target 2% of the population, you shouldn’t be surprised if your sales drop.


12 posted on 01/15/2014 3:15:32 PM PST by PATRIOT1876
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To: Zakeet; Chode

h they built the ship Titanic to sail the ocean blue;
And they thought they had a ship that the water would not go through;
But the Lord’s Almighty Hand said that ship would never land.
It was sad when the great ship went down...

(Chorus)
It was sad, SO SAD!
It was sad, TOO BAD!
It was sad when the great ship went down
To the bottom of the seeeeaaaaaa
(Husbands and wives, little children lost their lives!)
It was sad when the great ship went down


13 posted on 01/15/2014 3:15:49 PM PST by Morgana (Always a bit of truth in dark humor.)
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To: Zakeet

It’s not a good idea to alienate 30% of your market to please 2% of your market. Moronic - why even dip into that (gay) issue at all? But, to tell the truth, I never heard of that controversy until now, and most of my recent clothes purchases have been at JCP or Fred Meyer. For men, I think they have pretty decent stuff, not the frumpy stuff that they seem to prefer for women.


14 posted on 01/15/2014 3:18:17 PM PST by Steve_Seattle
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To: Dallas59
"Homos are everywhere. I don’t worry about em because I don’t go looking for em"

Oh, you don't have to do that. They'll shove themselves into your face and demand that you profess approval for their filthy anal obsessions.

15 posted on 01/15/2014 3:18:39 PM PST by CatherineofAragon ((Support Christian white males----the architects of the jewel known as Western Civilization.))
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To: icwhatudo

We’ll, Americans vote dem and Obama a LOT!!!!!!! So, I see no reason to trust them to deplore fagosexuality.


16 posted on 01/15/2014 3:21:53 PM PST by Doctor 2Brains
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To: Zakeet
Singing River Mall in Gautier Mississippi is virtually empty of stores. The company operating the nearby shipyard has taken over about half the mall for office space beyond Penny's and I think Sears, the two anchor stores, nothing else much is open other than a Chikfilet.

Natchez Mall Penny's is a small store in a small but very pleasant older mall.

17 posted on 01/15/2014 3:27:55 PM PST by robowombat
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To: Morgana

not enough faggots to keep them open? well lets hope other companies learn from penny's pandering to the filthy 1%...

1% of anything isn't enough to run a business on

18 posted on 01/15/2014 3:28:13 PM PST by Chode (Stand UP and Be Counted, or line up and be numbered - *DTOM* -vvv- NO Pity for the LAZY - 86-44)
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To: stuck_in_new_orleans

Faggotry doesn’t sell.


19 posted on 01/15/2014 3:28:49 PM PST by CodeToad (When ignorance rules a person's decision they are resorting to superstition.)
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To: Extremely Extreme Extremist
JC Penney is the Kmart of high-end department stores.

Why are so many of the closing in Wisconsin?

20 posted on 01/15/2014 3:28:52 PM PST by robowombat
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