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”
HOMOPHOBES!!
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??
Ya know?
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.
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