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Some notes from the J.C. Penney (JCP) Q1 earnings call: CEO Mike Ullman has identified 30 to 40...

Some notes from the J.C. Penney (JCP) Q1 earnings call: CEO Mike Ullman has identified 30 to 40 areas to improve, adding that he doesn't see any structural issues that would prevent a turnaround and thinks margin will return to 2011 levels. He notes that 2013 CAPEX spending is nearing completion, and he plans to bring back 3 or 4 private label brands. Read more on JCP's earnings call here: Earnings Call Transcript. Shares -1.7% AH.
Comments (3)
  • The call was atrocious and embarrassing; I'll have an article out tomorrow explaining why. It was like listening to JCP's eulogy.
    16 May 2013, 09:53 PM Reply Like
  • To QTRaven: What kind of response was that? Your article just ripped into JCPENNEY. Give Ullman a break will you? There is nothing wrong with a do over. Sure the company is an easy target but you're wasting your breath.
    18 May 2013, 09:37 AM Reply Like
  • In the stores that have them, he ought to get rid/or limit the use of I-pods and get back to registers pronto AND put catalog depatments BACK in the stores, instead of using this run-around system Ron Johnson put in place. It would make it easier for everyone-customer and associates.
    19 May 2013, 07:45 PM Reply Like
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