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  • No News Is Good News At J.C. Penney [View article]
    Thanks,

    rm
    Aug 20 10:07 AM | Likes Like |Link to Comment
  • No News Is Good News At J.C. Penney [View article]
    Thnks,

    rm
    Aug 20 10:06 AM | Likes Like |Link to Comment
  • No News Is Good News At J.C. Penney [View article]
    chuck:

    No articles because of sickness. Will continue next week.

    Experience and observation is every thing.

    The game is to be more right than wrong. Compare my total record to GS, JPM etc. You will be surprised.

    RM
    Aug 6 09:15 AM | Likes Like |Link to Comment
  • No News Is Good News At J.C. Penney [View article]
    loud:

    Took a long while to get up and going. Brooklyn is a difficult place to get about, and a town where are thousands of shops that are among the most competitive on earth.

    Macys has just 2 crowded stores in this borough of almost 3 million people, .25% of their stores in a area of population density that includes .7% of the country. It takes a lot of sales to reach the break even of $20 mm per year. Labor is not like that in rural areas. it is expensive in Brooklyn.

    Its not whether you or I can see. All is about results. In a few days we'll have a clue, and after holiday reporting the path will be clear.

    You think I am a devil trying to destroy an American icon. I only reltate what I see, analyze and feel.

    RM

    Any way one store out of 1000 doesn't show the way.
    Aug 6 09:10 AM | Likes Like |Link to Comment
  • Blue Nile Inc. And King Solomon's Mines [View article]
    stuck:

    Sorry about late answer. Been sick.

    Time and I against any 2. I'm averaged in Nile at $31.17

    We'll see.

    RM
    Aug 5 12:11 AM | Likes Like |Link to Comment
  • No News Is Good News At J.C. Penney [View article]
    djk:

    Too late for comments. Have patience cause the hard numbers are soon to be with us.

    RM
    Aug 5 12:03 AM | Likes Like |Link to Comment
  • No News Is Good News At J.C. Penney [View article]
    Tramp:

    Sorry late answer. Was in hospital.

    I prefer LL Bean at 60 bucks. All wool.

    RM
    Aug 5 12:00 AM | Likes Like |Link to Comment
  • No News Is Good News At J.C. Penney [View article]
    Loud:

    We'll soon see.

    RM
    Aug 4 11:55 PM | Likes Like |Link to Comment
  • No News Is Good News At J.C. Penney [View article]
    Loud:

    LOTS!

    I remember when I was in the computer business in the'80s. You're correct when you say cash flow counts, but that asset stuff. It's beyond imagination how far one can far without security.

    The 1980's - How about 25 mil. for a small business, and I was a little guy.

    I wonder how far I could have pushed it back then if I had My sweater.

    Look back at Computer Land, Business-land and Computer Factory. Don't forget Leading Edge computers. Negative worth unimaginable borrowing capacity.

    RM

    Never underrate the oversight in our banking system.

    RM
    Aug 4 11:53 PM | Likes Like |Link to Comment
  • No News Is Good News At J.C. Penney [View article]
    Hi Loud:

    Sorry about delayed answer. In and out of hospital. Think I'm going to look at health care.

    I haven't looked at market in a month. This was best strategy that I have had in a long time. Just a few days to wait for our education to be complete.

    RM
    Aug 4 11:38 PM | Likes Like |Link to Comment
  • Blue Nile Inc. And King Solomon's Mines [View article]
    zxgv123:

    Sorry about delayed answer. I haven't looked at SA for last month as I was hospitalized on and off.

    I'm vested in Nile at about $33. We'll see what happens before and after Holiday season.

    Retail Maven
    Jul 27 01:26 PM | Likes Like |Link to Comment
  • Blue Nile Inc. And King Solomon's Mines [View article]
    stuck:

    Sorry about my slow answer. i was in and out of hospitals during the last month. I completely ignored the market. Nile, of course, was a great short. I am averaged at about $33.

    Had my position been smaller I would purchase more. I still believe that Nile will show potential before Holiday season. Nile in relation to Tiffany has a 10% sales penetration. It has a lot to go.

    Retail Maven
    Jul 27 01:15 PM | Likes Like |Link to Comment
  • No News Is Good News At J.C. Penney [View article]
    djkidm:

    My sales per employee list didn't seem to print in my last note to you because of my (.) spacers.

    Here they are, repeated (again downloaded from Market Watch)

    Best buy $300464.
    Home Depot $217466.
    Nordstrom $203552.
    Macy's $164393.
    Sears $143032.
    Kohl's $137921.
    J.C. Penny $102778.

    RM
    Jun 7 11:41 AM | Likes Like |Link to Comment
  • No News Is Good News At J.C. Penney [View article]
    djkidm:

    Finally someone who quotes meaningful statistics, and doesn’t tell of what next year’s results could be.

    I told you that you should be a financial professional


    As a statistic collector (automatic downloading) I came across another interesting statistic (Market Watch) about employee productivity, sales per employee.

    Best Buy......................
    Home Depot................$...
    Nordstrom................
    Macys....................
    Sears....................
    Kohl’s...................
    J.C. Penney...................

    Looks like one should get fantastic service at stores with low sales per employee because of the great deal of time available to devote to customers. Right!

    I'm amazed in the department store sector that Macy's and Nordstrom haven't already closed. They are just too efficient

    RM
    Jun 7 11:37 AM | Likes Like |Link to Comment
  • No News Is Good News At J.C. Penney [View article]
    jallard:

    Customer loyalty is difficult to evaluate since its measurement is so difficult to obtain.

    Brand Name loyalty is similar to customer loyalty. Brand sales exist because customers renew their purchases, often whether or not the brand represents quality or value. Look at the recent case of poisoned dog food. Famous brand name pet food that was defective stills sells in large qualities though the companies that sold deadly product should have been logically abandoned by their customers. This is made possible because customers can not make a secondary choice of brand, and is what I call brand loyalty.

    The same logic applies to massive automobile recalls and for callbacks of explosive laptop computer batteries. I can only come up with brand loyalty as a reason why the offenders of product quality are still able to sell product.

    Customers must be pushed quite far to abandon their buying habits. This is the only cause that I see in the decline in sales of businesses like J.C. Penney, Linens and Things and Circuit City that had a massive decline in sales within a short time. I see causes within the background of each of these businesses why customers left. I don’t think it an accident that businesses decline rapidly. I define this process as loss of loyalty.

    There are many businesses that retain their sales. One could think that they are able at continually gaining new customers.

    My experience is that it is easier to lose customers than to obtain new ones. It is probably difficult for either of us to change our ideas about loyalty.

    I acknowledge that people such as your daughter-in law grow out of that habitual buying haunts with need. This act is not so much a loyalty change but a life style change. It is very much like children leaving the home as they mature.

    RM
    Jun 6 02:50 PM | Likes Like |Link to Comment
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