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J.C. Penney swings to loss, suspends dividend (Thanks to Ellen Degeneres...)
Marketwatch ^ | 5/15/12 | Andria Cheng

Posted on 05/15/2012 4:57:17 PM PDT by jimbo123

J.C. Penney Co., which is making major pricing and merchandising changes, said Tuesday that it swung to a first-quarter loss that was larger than expected and that it no longer expects to meet its previous profit forecast for the year.

-snip-

The net loss was $163 million, or 75 cents a share, compared with a profit of $64 million or 28 cents a share a year earlier. Sales in the quarter ended April 28 fell 20% to $3.15 billion.

(Excerpt) Read more at marketwatch.com ...


TOPICS: News/Current Events
KEYWORDS: blunders; fail; genderdysphoria; homosexualagenda; jcpenney; jcpenny; lesbianfail; obamasgayweek; pinkmafia; retail; tunafish
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To: CatherineofAragon

lol It just isn’t fair....

She can go buy some clothes that she otherwise would have never gotten without the coupon and that’s supposed to be ‘OK’, but if I go buy some ammo that’s on sale, it’s considered a “wasting money”. Hell... she likes shooting it too!


61 posted on 05/15/2012 6:07:07 PM PDT by KoRn (Department of Homeland Security, Certified - "Right Wing Extremist")
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To: jimbo123
I'm done buying from them...when I found out how they not only embraced homosexuality but also treated people who protested their celebration thereof with disrespect, I decided to walk away with my shopping dollars.
62 posted on 05/15/2012 6:10:05 PM PDT by SoFloFreeper
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To: jimbo123

FWIW ... JCP is dying for many more reasons than hiring Butch. Their new CEO is spending money like Obama does. I know many folks that work there or have just recently been laid off. Their problems go much deeper than Ellen.


63 posted on 05/15/2012 6:13:45 PM PDT by al_c (http://www.blowoutcongress.com)
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To: KoRn
Come to think of it, I've noticed the same. My wife used to be giddy at getting those coupons in the mail all the time, and used to end up in one of their stores every week. I hadn't noticed her not getting any more coupons, but come to think of it, I don't think we've seen one in a few weeks and she hasn't shopped there recently.

There have not been any coupons since January. They stopped sending out the coupons, and having sales, beginning Jan 2012. I don't understand it either, and, like your wife, I was always happy to get the coupons and would look forward to the sales. Dumb, dumb dumb --- must be an east-coast ivy league collge graduate running things now.

64 posted on 05/15/2012 6:18:21 PM PDT by LibertarianLiz
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To: Red_Devil 232; Secret Agent Man

J.C. Penney bends over and loses.


65 posted on 05/15/2012 6:20:28 PM PDT by Fightin Whitey
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To: jimbo123

Hey, Penneys. Here’s a radical idea. Just sell your merchandise and quite trying to make political statements.


66 posted on 05/15/2012 6:21:40 PM PDT by ReformationFan
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To: KoRn

Tell her you’re going to take the money she’s saving by not shopping at Penneys and spend it on ammo, LOL.


67 posted on 05/15/2012 6:26:00 PM PDT by CatherineofAragon (Time for a write-in campaign...Darryl Dixon for President)
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To: jimbo123

As I have said on a few of these JCP threads. I have worked there for three years and the difference in the place in that time is remarkable.

What is happening now is a total change from “Penney’s:to “JCP”, Ron Johnson’s vision of retail. The company is systematically moving from a family style store to one that attracts a very demographic group than it has for its previous 100 years.

All of the old brands, brands which people associate with “Penney’s” are being slowly phased out and new brands are being brought in.

Towncraft has been a constant there and the older men who wear the brand are finding out that it is no longer available. Basics(underwear, socks and T-shirts) are being downsized in merchandizing and floor space, and what is there is trendy fabrics, colors and cuts. The old tighty whities are disappearing. Again, it’s the old guys who are being pushed out.

I work in the men’s department so I am more aware of the changes there, but it is happening all over the store. The move is to trendy, hip and YOUNG and the new CEO has no problem with the fact that long time older customers are the most disappointed with the changes. HE DOESN”T WANT THEM ANYMORE!!!!

We recently watched a video discussing the new streamlined management, which basically amounts to fewer people doing more work. Actually, work is not getting done, the floor looks nice, but behind the scenes in the stock rooms there is total disarray and chaos as things just get shoved out of sight and out of mind.

We were encouraged to “stay in there” as the changes go forward and we will see that the new JCP will be a great place to shop and work. It is all going to pay off, but it may take a couple of years for full implementation of the changes for us to see that Ron Johnson is a genius.

Morale is extremely low. People are overworked and tired and sick to death of having to defend all the changes to long time customers who are so disappointed by having the rug pulled out from under them.

We are seeing different clientele and less traffic as the loyal coupon shoppers who came in once a week are no longer making a trip to Penney’s a must do so that their coupon doesn’t expire or they miss a good deal.

We’ll see. I don’t know how much of the disillusionment is due to Ellen, customers don’t ever mention her one way or the other, though they have said they hate the new TV ads.

As they say, time will tell. This guy will be either the hero or the goat depending on what happens over the course of the next couple of years.


68 posted on 05/15/2012 6:29:39 PM PDT by Jvette
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To: jimbo123

Oh, yes it’s Ladies’ Night and the feeling’s right. Oh, yes it’s Ladies’ Night. Oh what a night!


69 posted on 05/15/2012 6:35:22 PM PDT by rabidralph
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To: bert

The Kennedys shopped at JC Penneys?


70 posted on 05/15/2012 6:35:39 PM PDT by Blue Collar Christian (Liberals vote the way they feel, conservatives vote the way they think. NRA <BCC><)
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To: laweeks

Isn’t that the White Man’s Overbite?


71 posted on 05/15/2012 6:38:11 PM PDT by rabidralph
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To: diogenes ghost

LOL!


72 posted on 05/15/2012 6:41:27 PM PDT by rabidralph
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To: jimbo123
pander to the filthy 1% then lose 20% in revenue...

73 posted on 05/15/2012 6:42:19 PM PDT by Chode (American Hedonist - *DTOM* -ww- NO Pity for the LAZY)
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To: bert
"I learned that JFK had been shot while shopping at Penny’s"

I knew that crap about Him being shot in Dailey Plaza was all part of the conspiracy.

74 posted on 05/15/2012 6:46:44 PM PDT by Mad Dawgg (If you're going to deny my 1st Amendment rights then I must proceed to the 2nd one...)
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To: AmonAmarth
She's not funny.

She's not even likeable.

Reminds me an awful lot of Mitt Romney.

Those folks appeal to a certain type I guess.

75 posted on 05/15/2012 6:47:01 PM PDT by muawiyah
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To: CatherineofAragon

That’s a great idea! In 2 or 3 months, I might be able to get a new Glock or a cheap AR! lol


76 posted on 05/15/2012 6:54:39 PM PDT by KoRn (Department of Homeland Security, Certified - "Right Wing Extremist")
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To: TEXOKIE

http://seattletimes.nwsource.com/html/businesstechnology/2017335336_penneypricing26.html


77 posted on 05/15/2012 6:59:17 PM PDT by kempster
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To: jimbo123

Now let’s see - didn’t Degeneris have a much publicized affair with Anne Heche, who then had a much publicized breakup with Ellen and eventually married some guy who was really a guy - and why exactly would I want to buy something from a store endorsed by someone with such a shaky grasp on what’s real and what’s make-believe......


78 posted on 05/15/2012 7:01:41 PM PDT by Intolerant in NJ
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To: jimbo123

I wrote a letter to JCP about my disappointment with Ellen Degeneres as spokesperson. I received an extremely snarky response from JCP Customer Service. They said they were very happy with ED and basically “screw you”. I was stunned by the tone of the email.


79 posted on 05/15/2012 7:15:21 PM PDT by NoExpectations
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And another brilliant move. From the article:

“Penney also has eliminated store employee commissions to improve service.”

Works every time...


80 posted on 05/15/2012 7:18:31 PM PDT by D-fendr (Deus non alligatur sacramentis sed nos alligamur.)
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