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J.C. Penney Warns of Steeper Sales Decline
WSJ.ocm ^ | 5/7/2013 | MIA LAMAR And KAREN TALLEY

Posted on 05/07/2013 4:13:39 PM PDT by South40

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To: Colonel_Flagg

Are you also out of all the other companies he’s invested in?


21 posted on 05/07/2013 5:00:19 PM PDT by caww
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To: South40

Glad he’s gone, and hope the damage can be repaired. Finally went back after a year, and found the softest, prettiest V-neck tees. I believe they are called “slub tees” and come in every color of the rainbow. $6.99!!


22 posted on 05/07/2013 5:05:39 PM PDT by EnquiringMind
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To: BobL

Too true. I was never out of their home store, and always left with something, but they dropped all the brands I used to buy, and the store is nearly empty now and has been for months. Latterly I have been getting cards for 10 or 20% off, but there is nothing to buy. Only saw 2 salespersons in the whole store when I was last in, which was fine as there were only about two customers in the store, aside from myself, and we were all disgusted with the empty shelves and odd items for sale, which looked like the picked over leftovers from previous glory days. Saw one gal tearing her coupon in half, and dropping it in the trash. Pity, it used to be a favorite haunt.


23 posted on 05/07/2013 5:07:29 PM PDT by kiltie65
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To: BobL
They have and are...as you might know the first thing was to stop the cash flow river Johnson was milking.....Ullman was on that and reestablishing contact with venders....additionally he had to work with Macy's on the Martha Stuart (bimbo) deal...Macy's Ceo knows Ullman and they worked out a deal.

There were so many holes needing plugged and so far he's done exceptionally well. Keep in mind not only did Johnson leave but he lost three of his own people in the past seven months and took three more with him when he left. So Ullman also has had to get people back to work with him....

It's been a circus and it's not done yet...but we employees are very excited and hopeful...you cannot imagine the relief felt when Johnson was fired....it was like a shoe was taken off every-bodies neck!

24 posted on 05/07/2013 5:07:48 PM PDT by caww
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To: caww

Wow...I’m glad for you. I’ve tried get the point across to JCP that they have to STEP UP, not just idle-away, if they want to survive. They lost most of their wealth under Johnson - they cannot build it back up very quickly, unless they take some chances, as in Chick-a-Fill. Just trying to go back to where they were simply CANNOT work, and I can promise you that.

If you see that, get your resume in the mail, immediately.


25 posted on 05/07/2013 5:13:03 PM PDT by BobL (Look up "CSCOPE" if you want to see something really scary)
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To: kiltie65
Well I don't know what store you're in...but ours is still finishing up the home area...which will in time have a return of items once enjoyed by customers.....

Johnson wanted “Designer” shops...that is not Penney's nor would it ever be....although they've always had several shops within the store right along. But there will be no more tearing out depts’s to make room for the expansions Johnson was doing..and that rapidly.

Our store was the busiest I'd seen it in months ...we were all on the run trying to keep up with the customers...I was bushed but very happy to see the customers returning in droves as they did over this weekend.

It will be a favorite place again...it's been just three or four weeks...give it some time.

26 posted on 05/07/2013 5:13:53 PM PDT by caww
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To: caww

Those I know of, yes. I try not to knowingly spend money that goes in the pocket of a known enemy of everything conservatives stand for.

What do you do?


27 posted on 05/07/2013 5:14:05 PM PDT by Colonel_Flagg (Blather. Reince. Repeat.)
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To: South40

Waaahaaahaaa!!!


28 posted on 05/07/2013 5:17:22 PM PDT by republicanbred (...and when I die I'll be republican dead.)
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To: Wisconsinlady
<.....My husband only buys his underwear (Stafford) from Penney’s. (Sorta like rainman)....>

Ha! So does my brother...I think alot of men love the store..they usually come in and get what they want...they like consistency....not shopping like woman do.

Yes, I hope I'm right as well...I got to say when I took this job after taking an early retirement I wasn't prepared for Johnson coming in and all this mess...it's taken a toll on many employees...some left because they could no longer handle the anger of the customers over these changes...it's been truly awful...I've never seen so many angry customers so often, for such a long period! They were truly nasty!

It's been my pleasure to inform them Johnson's gone and things will be normal in time...

29 posted on 05/07/2013 5:20:02 PM PDT by caww
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To: South40

Is JC Penney still celebrating sodomy? I haven’t bought—and in fact I have AVOIDED the stores in my area since finding out about their embrace of perversion.


30 posted on 05/07/2013 5:28:19 PM PDT by SoFloFreeper
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To: BobL
They know what needs to be done and quickly...the banks are working well with Ullman and they've used some store properties to back up loans needed to stabilize the company....they own a good deal of the real-estate so good they have had this.

They do need to bring back the top sellers Johnson got rid of....keep in mind his target audience was young people and high spenders...neither of which was Penney's..but something else he was attempting to create.

Johnson offended the base customers greatly..and the employees....as well as those working with him...he was on a one man mission and nothing was going to sway him from that.

Ullman had already been bringing in new “shops” but at a pace that is the standard for customers to adjust to.

If you look at the stats for Penney's when the 0 financial crisis hit...Penny's was one of the very few retailers who remained stable..not good nor bad but stable. The man who brought Penny's thru that is at the helm now...so if anybody can do this I think he can stabilize the ship.

31 posted on 05/07/2013 5:29:36 PM PDT by caww
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To: caww

Well, then I will wish you success and good fortune.


32 posted on 05/07/2013 5:33:57 PM PDT by Gator113 ( ~just keep livin~ I drink good wine, listen to good music and dream good dreams.)
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To: SoFloFreeper

I looked (quickly) through this year’s Mother’s Day flyer and didn’t see anything suggestive of homosexuality. Going to wait and check the Father’s Day one before drawing any conclusions.


33 posted on 05/07/2013 5:35:30 PM PDT by steve86 (Acerbic by Nature, not Nurture™)
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To: BobL

I think you meant Chick-fil-A. ;>)


34 posted on 05/07/2013 5:35:51 PM PDT by Gator113 ( ~just keep livin~ I drink good wine, listen to good music and dream good dreams.)
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To: Gator113

“I think you meant Chick-fil-A.”

Call it what you will, it just flows much better my way.


35 posted on 05/07/2013 5:39:48 PM PDT by BobL (Look up "CSCOPE" if you want to see something really scary)
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To: South40

Good. It was bad enough to push Ellen Degenerus on us, then Soro’s buys a chuck of stock. I use to shop at Penney’s, no more.


36 posted on 05/07/2013 5:40:48 PM PDT by Linda Frances (Woe to those who call evil good and good evil, who put darkness for light and light for darkness)
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To: South40

They were so anxious to enter a bold new scheme...throw the LGBT crap in the public’s faces, like Obama does, and hopefully, the world rushes in to say how wonderfully fashionable you are. Only, they forgot that JCP customers are, and mostly have been, conservative and family-oriented by traditional means.


37 posted on 05/07/2013 5:43:20 PM PDT by Shery (in APO Land)
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To: South40

My wife dragged me to the local JCP to look at some housewares.

I found the exact same item (vendor, brand, box and item, same sku even) at the local Walmart for 30% less. If they sell the same cr@p as Wally world, why bother to go to either place?


38 posted on 05/07/2013 5:43:32 PM PDT by ASOC (What are you doing now that Mexico has become OUR Chechnya?)
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To: Colonel_Flagg

If it’s truly that significant to you you might want to check where your utilities come from....don’t shop Costco or buy Papermate, UniBall or Sharpies...and certainly don’t pay for anything with an America Express Card...and when you buy tool stay away from Vise-Grip and Unibit.

He’s invested in all these and far more.


39 posted on 05/07/2013 5:48:23 PM PDT by caww
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To: Shery

<....they forgot that JCP customers are, and mostly have been, conservative and family-oriented by traditional means....>

Johnson didn’t forget...he didn’t want them...they were no longer his target customers at all. He wanted to remake Penney’s to something it is not...it was doomed to fail from the get go for he broke every rule known of the standards in operating a retail store and it’s environment, let alone insilting the customers who had been loyal for years to Penney’s.

It got so bad I really began believing it was dileberate to bring Penny’s down!


40 posted on 05/07/2013 5:53:09 PM PDT by caww
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