J.C. Penney Co Inc (JCP.N) on Wednesday reported its sharpest sales drop since announcing a grand transformation plan 13 months ago, a plunge Chief Executive Ron Johnson is trying to stop by largely reversing his failed no-discounts strategy. In the winter holiday season quarter, the most important for retailers, Penney´s comparable sales fell 31.7 percent, steeper than the 27.8 percent drop Wall Street was anticipating. (Snip) So he unveiled an updated pricing strategy on Wednesday in which Penney will offer deals primarily on its own private brands, but stick to "everyday low prices"
Comments: My public transportation goes through it´s parking lot, so I pay attention to stories as to how they are doing. Amazingly, the CEO takes full responsibility for the "misstep." No matter how much longer he lasts, that´s a refreshing comment.
I used to always buy at JC Penney´s; I hate their catalogs that they mail out, I hate the way they did the stores, and I hate the fact that they do not have sales like they used to. What moron came up with this? I will never shop there again.
You mean pushing the lesbian lifestyle in the face of families as their national spokesperson didn´t solve the problems??? Gee, I wonder what brainchild thought of that one? If Penny´s wants to insult my family and religious values do they really believe I will shop there?
Businesses like that needs to go by the wayside. I feel sooty for their employees but they should have seen it all coming and bailed out by now.
Only sales on house brands??? Sounds like he still hasn´t learned his lesson. Maybe in a robust economy he could pull this off but not in this one. The ONLY things I buy are on sale and I don´t care for the cheap carp Penney´s has under its own label.
Plus, choosing Ellen DeGeneris, whom I do like, as a spokesperson is really just poking a stick in the eye of half their customers. How has that helped?
So, nice job Ron. You´ve made brownie points with people who NEVER shop in your store (not that you do, either!).
I was shocked during a recent trip to Penney´s to return a Christmas gift I received.
The store was attractive, but the merchandise was sparse. There were practically no sales people. The housewares department had almost no merchandise, and much of what was there was over-priced. I wanted to buy a ladies´ wallet, but there were none in the store. The one thing I did purchase was marked $45, but rung up as $28--to which the sales person said, "it´s on sale." But there were no signs to indicate that.
Penney´s is toast. It reminded me of a trip to B. Altman shortly before they went out of business. We wanted to buy lamps, but were told we couldn´t, because there was no one to staff the lamp department on Tuesday.
I stopped shopping there 2 years ago when I ordered a pair of shoes and the wrong size was delivered. I returned the shoes and ordered again with the clerk making big notes about the size ordered. The same wrong size was delivered again.
That indicated huge problems to me - bigger than no sales or lesbians.
I´m curious to see whether JCP´s Mother´s and Father´s Days promotion will again feature same-sex couples.
Also, last year around this time all the models, excepting grandmas and small children, were non white. (Apparently White Grannies are not yet politically incorrect.) However, just saw an online promotion where most of the models could have recruited from some Aryan youth movement.
Moral of the tale: don´t recruit the guy who ´shot layups´ running the Apple store (competition ? What´s that?) to run a business in one of the most cutthroat areas in retail.
Wellll, I must the only one that cannot stand all these sale coupons that you have to stuff your purse/wallets with when they send them out. It drives me nuts. I want to shop at a store that I can go to when I want to buy something at a reasonable price instead of when THEY (the stores) want me to buy something of theirs. Kohl´s with their coupons that expire every week it seems like and they you have to replenish the ones you already found a place for in your purse/wallet and get rid of the ones that are old!!!! And I HATE all these reward cards (YIKES) that every store you go into asks if you have!!! What do we look like? A storage for their garbage they want US to carry around? How about a nice fair price for EVERY customer that walks through their store with having them loaded down with all that nasty trash! That´s what I want from a store that will appreciate MY money!
A month ago I bought something from Penney´s for the first time in about 20 years. I looked high and low in stores and online for a very particular item I needed. I ended up ordering it online from Penney´s because they had it in stock, for the lowest price I could find. They had free shipping so I placed my order in the evening and it was delivered to my doorstep the NEXT afternoon. Less than 24 hours. I still have no idea how they did it.
I work for Kohls. It is a good company and very involved in the community--each store does a lot of service projects and we make a lot of grants. Really. Also, customers want the discounts, the sales, the specials, doorbusters and yes, the dreaded coupons,. They just do. It´s basic marketing psychology. Trust me, I see it and live it every shift. Oh, and if you didn´t know, the number of associates on the floor is related directly to sales goals met or not--if we don´t hit our goals our payroll is adjusted accordingly. So, if there is not a lot of help on the floor, blame Obama.
JCPenney is definitely understaffed. I was just there and had to wait ten minutes in line when there was only one person in front of me. Their system is antiquated and there is no one around to help customers.
I do like some of their merchandise, although they definitely ripped me off on some window treatments.
I agree with above posters, Kohl´s has most of what I need and they´re adequately staffed. It´s just a better shopping experience.
I love both Kohl´s and JC Pennys. It is easy to rag on businesses. Why is a conservative site like this attaching capitalist enterprises like Kohls and Pennys that are providing good service and products, hiring Americans, and doing good work? We need to let up on Pennys. They are having troubles in a tough economy...but a lot of businesses are, too. Blame Obama and the Democrats for the mess they have made of the economy.
I´m enough of an old fogey to wish Penney´s would hark back to the way it was two to three decades ago. It was a thriving company which sold clothing you needed not skimpy fashion frippiness, and the catalog was a thing of wonder for the all encompassing products it offered.
All these department stores are going away. The days of knowledgeable sales people or sales people at all have gone. I worked for a Wards store in the 80s and even though I had no previous retail sales experience, was hired because I knew the products very well. I guess that beats the professional teen sales person who has no product knowledge or people skills.
The “feminist nightmare” is recurring. Unbowed by Politico labeling her with this epithet a couple of weeks ago, Michelle Obama continues to do what her critics regard as frightening behaviors. Last week, she assaulted independent women by showing off the White House Christmas decorations. “Our goal is for every room and every tree to tell a story,” she explained to an audience of military families in the East Room, where her two-tone gray dress matched the silver ornaments on the trees. She spoke of Christmas trees made from stacks of books (“they’re very cool!”) and described the “first dog display”
Anyone who’s ever gone on a diet is told to lay off the booze because it’s high in calories. And that, of course, must make it very fattening indeed. Go onto the NHS Direct website, and you’ll be told a glass of wine contains as many calories as a slice of cake. Or if you prefer beer, the British Nutrition Foundation reminds you two pints are roughly the equivalent in calories to a full glass of single cream. So you may be surprised to learn that there’s no scientific evidence whatsoever to support the idea that alcohol makes you on weight. That’s hugely counter-intuitive, I know, because alcohol certainly is said to contain lots of calories.
President Barack Obama sounded a nostalgic personal note Sunday night and offered a rare self-assessment while criticizing congressional Republicans as an "impediment" to governing during the start of a West Coast fundraising tour for the Democratic Party. Obama told donors the sight of Mt. Rainier illuminated by a setting sun was particularly special because it reminded him of his mother, who attended high school in the Seattle area. "I feel the spirit of my mom," he said. He also attempted to contrast himself with Republicans who control the House of Representatives, saying they are "more focused on positioning themselves for
Los Angeles - Rather than thanking a list of friends and colleagues, Macklemore & Ryan Lewis used their American Music Awards acceptance speech to send a message of tolerance on Sunday night. Ben Haggerty, the rapper known as Macklemore, accepted the award for favorite rap/hip-hop album, then quoted Martin Luther King Jr. in a live satellite feed from the rap group´s latest tour stop. "Due to the fact that we are in Florida tonight accepting this award I want to acknowledge Trayvon Martin and the hundreds and hundreds of kids each year that are dying due to racial profiling and the violence that follows it," he said.
China and India’s success in weakening the latest global warming agreement created friction with other developing nations that are seeking to step up the fight against climate change. The two countries insisted on single-word changes for a deal at a United Nations conference involving 190 nations on Nov. 23. Instead of making “commitments” to roll back fossil fuel emissions, they signed up for “contributions,” a formulation that allows more flexibility in their action. Those last-minute revisions at a meeting that ran overtime by almost 30 hours underscored the reluctance of China and India to join in the sort of emissions
Washington - Hobby Lobby, a chain of crafts stores, closes on Sundays, costing its owners millions but honoring their Christian faith. The stores play religious music. Employees get free spiritual counseling. But they do not get free insurance coverage for some contraceptives, even though President Obama’s health care law requires it. Hobby Lobby, a corporation, says that forcing it to provide the coverage would violate its religious beliefs. A federal appeals court agreed, and the Supreme Court is set to decide on Tuesday whether it will hear the Obama administration’s appeal from that decision or appeals from one of
A historic agreement on Iran´s nuclear programme was made possible by months of unprecedented secret meetings between US and Iranian officials, in further signs of the accelerating detente between two of the world´s most adversarial powers, it emerged on Sunday. The meetings ran parallel to official negotiations involving five other world powers, (Snip) The Obama administration asked journalists not to publish details they had uncovered of the secret diplomacy until the Geneva talks were over for fear of derailing them. The Associated Press and a Washington-based news website, Al-Monitor, finally did so
Tokyo - Japan’s foreign minister on Sunday refused to recognize China’s newly claimed air defense zone over disputed islands, signaling that Japan would not back down as tensions increased in the maritime dispute. China on Saturday said its “air defense identification zone” would give it the right to identify and possibly take military action against aircraft near the islands in the East China Sea. The uninhabited islands are administered by Japan but claimed by China and Taiwan. China’s announcement appeared to be the latest step in what analysts have called a strategy to chip away at Japan’s claims of control of the islands.
Seattle - Boeing´s ties to the Pacific Northwest date back more than a century, when William Boeing purchased a Seattle shipyard that would become his first airplane factory. In recent years, however, those ties have been fraying, first with the company shifting its headquarters to Chicago, (Snip) In the contract vote late Wednesday, The International Association of Machinists District 751 rejected the proposal with 67 percent of the votes. Union members who called for a no vote did so in protest of Boeing´s push to end a traditional pension plan and increase their health care costs.
"Character is what you do when no one is watching." It´s a bit of a trite saying, attributed to coaches, motivational speakers and fortune cookie authors (by the way, whose idea was it for fortune cookies to replace predictions with treacly aphorisms from the "Successories" reject pile?). Still, the expression´s popularity illustrates the power of the idea behind it. Character is what you do when the only controlling authority is your conscience. Because young people do not yet have fully formed characters, they often need incentives beyond exhortations to do the right thing.
Washington - Problems with the federal health insurance website have prevented tens of thousands of low-income people from signing up for Medicaid even though they are eligible, federal and state officials say, undermining one of the chief goals of the 2010 health care law. The website, HealthCare.gov, is primarily seen as a place to buy private insurance with federal subsidies, but it is also a gateway to Medicaid, which generally provides more benefits at less cost to consumers. That door has been closed for the last six weeks, with the federal government unable to transfer its files to state Medicaid
Corydon, Iowa - The hills of southern Iowa bear the scars of America´s push for green energy: The brown gashes where rain has washed away the soil. The polluted streams that dump fertilizer into the water supply. Even the cemetery that disappeared like an apparition into a cornfield. It wasn´t supposed to be this way. (Snip) But the ethanol era has proven far more damaging to the environment than politicians promised and much worse than the government admits today. As farmers rushed to find new places to plant corn, they wiped out millions of acres of conservation land, destroyed habitat and
Last summer on his $100 million family tour of Africa, Barack Obama hoped for a priceless photo op with Nelson Mandela, the ailing freedom pioneer who went from prison cell to the presidency of South Africa. Mandela´s family suggested that wouldn’t happen. So, the Obamas did a photo op in Mandela´s former prison cell. Which Obama’s White House quickly tweeted upon word of the icon´s passing at 95. [Skip] But Obama was also caught staring at television coverage of Mandela’s passing, which became Obama’s Photo of the Day.
Hardly a week goes by without Hillary Clinton receiving another award. Last month she was named a “Global Champion” by the International Medical Corps, received the American Patriot Award at the National Defense University Foundation and the Hermandad Award from the Mexican American Leadership Initiative. [Snip] At this rate, if a bunch of elderly left-wing Swedes toss her the Nobel Peace Prize early on, the way they did to Obama, it will barely rate mention among all the other glittering trophies that have been bestowed on a woman whose only actual accomplishment was being married to a crooked governor with
Speaker John Boehner said his party should support gay Republican congressional candidates and urged his colleagues to “be a little more sensitive” when running against women. “Some of our members just aren’t as sensitive as they ought to be,” Boehner said. When asked if he thinks his party should support gay candidates, Boehner simply said: “I do.”
Denver - A baker who refused to make a wedding cake for a same-sex ceremony must serve gay couples despite his religious beliefs or face fines, a judge said Friday. The order from administrative law judge Robert N. Spencer said Masterpiece Cakeshop in suburban Denver discriminated against a couple "because of their sexual orientation by refusing to sell them a wedding cake for their same-sex marriage." The order says the cake-maker must "cease and desist from discriminating" against gay couples. Although the judge did not impose fines in this case, the business will face penalties if it continues to turn away gay
In February, the Bush family’s personal emails were hacked by Guccifer, a hacker who uncovered photographs of former President George H. W. Bush in a hospital bed and George W. Bush’s oil paintings in the process. It seems Guccifer has struck again, this time targeting former President Bill Clinton and the Clinton Library. The hacker has reportedly uncovered doodles of Clinton drawing on what were, at the time, classified documents. Among the doodles is apparently a picture of a penis. The document uncovered is a briefing of the strategic measures the United States could take prior Clinton’s decision to intervene in
Amid an array of “knock-out” attacks against a number of Jews in Brooklyn’s Crown Heights neighborhood, a city councilwoman pointed to the success of the Jewish community as triggering the aggression. Councilwoman-elect Laurie Cumbo emphasized that while she “admire[s] the Jewish community immensely” for its work ethic, black teens may see it differently. “While I personally regard this level of tenacity, I also recognize that for others, the accomplishments of the Jewish community triggers feelings of resentment, and a sense that Jewish success is not also their success,” Cumbo, who was recently elected, wrote in a letter. Chief among the issues
On Tuesday, The Boston Globe reported that Onyango “Omar” Obama, uncle to President Obama, says that his famous nephew stayed with him while a student at Harvard Law School in the 80s, in contradiction to The White House’s contention that the two had never met. At Thursday’s White House daily briefing, Press Secretary Jay Carney confirmed that the President had, in fact, briefly stayed with “his father’s half-brother,” as Carney described Omar Obama, and that no one had actually asked the President about it when the White House initially commented. The 69 year-old Omar Obama has been facing deportation back
Former President Bill Clinton shared an anecdote regarding Nelson Mandela and the aftermath of his impeachment Friday on CNN. Clinton revealed shortly after the “impeachment business” finished on Capitol Hill, Rep. Henry Hyde (R., Ill.) who managed the impeachment trial requested a meeting at the White House. The former president granted the meeting out of lessons of humility and forgiveness he learned from Mandela, he said: BILL CLINTON: I remember one day, oh, about a month after the whole impeachment business was over, Henry Hyde, who had run the whole show, unbelievably enough, maybe a few months after, it was
The world premiere of the “Ballad for Trayvon Martin for Orchestra and Jazz Quartet” is set for tonight. Princeton University’s director of its jazz-studies program composed the work in honor of the Florida teen. Anthony D. J. Branker told the Star-Ledger that the piece is intended to “be a form of healing” after Martin’s death and the controversial court case that followed it. The ballad, which will be performed by the university’s official orchestra and jazz ensemble, is intended to be a tribute to victims of racial violence, Branker explained. He hopes that the performance will be “one that speaks to
WASHINGTON – A fourth straight month of solid hiring cut the U.S. unemployment rate to a five-year low of 7 percent in November, an encouraging sign for the economy. The Labor Department says employers added 203,000 jobs, nearly matching October´s revised gain of 200,000. The job gains helped lower the unemployment rate from 7.3 percent in October. The strengthening job market is likely to fuel speculation that the Federal Reserve may start to scale back its bond purchases when it meets later this month. The economy has now generated an average of 204,000 jobs from August through November. That´s up
WASHINGTON — President Barack Obama has high praise for potential 2016 contenders Vice President Joe Biden and former Secretary of State Hillary Clinton. “I think Joe Biden will go down in history as one of the best vice presidents ever, and he has been with me, at my side, in every tough decision that I’ve made,” Obama told MSNBC in an interview Thursday held at American University. “Hillary, I think, will go down in history as one of the finest secretaries of state we’ve ever had, and helped to transition us away from a deep hole that we were in,
WASHINGTON — Without Nelson Mandela, there might never have been a President Obama. That is the strong impression conveyed from Mr. Obama, whose political and personal bonds to Mr. Mandela, the former South African president, transcended their single face-to-face meeting, which took place at a hotel here in 2005. It was the fight for racial justice in South Africa by Mr. Mandela that first inspired a young Barack Obama to public service, the American president recalled on Thursday evening after hearing that Mr. Mandela, the 95-year-old world icon, had died. Mr. Obama delivered his first public speech, in 1979, at