At 52-Week Lows, J.C. Penney Stock Is Untouchable [View article]
Yeah, those shops aren't going to save them, too faddist, expensive, there is so much disposable income from the new customers Ron thinks he will get and the changes made burned the bridge to the old customer base. He is betting the farm in that wifi working well, tagged " wifi wired" merchandise, WallyMart backed off it, checking out by iPad? Yes that will work out well, you have a two hand fulls of clothes guess you drop them to the floor while you whip out that credit card. I have seen concerns of a non employee checking you out. My guess, any customer over 30 is going to balk at shopping JCP, so you have 14-29 vs 30-99, guess which ones make more money. The idea you can build, in Ron's case convert, a mini mall next to/attached to a mall and compete with the brand loyalty found in the mall is absurd. The on-line retailing too will eat their lunch. Take a new brand going into JCP William Rast, aka Justin Timberland, this is an expensive brand, read cheap, sold at a premium. Just a quick Google will get you well over 55 % off $200 jeans. JCP will feel the Best Buy " Showrooming" bite aka window show local for size and fit, buy on-line because of lack of sales. Or go to Target they sale this as a limited brand, tshirt $25 VS $50 MSRP. The cash bleeding, the firing of tons of local middle management last year, regular store staff, these are not good signs, there is getting nothing left on the bone but to start closing once profitable stores. I see nothing here. What was that bonus Ron gave to, who was it Francis, his old Target cronnie $12 million to come to JCP and then fired him 8 months into the job. $12 million down the toilet plus his salary. Wow.
At 52-Week Lows, J.C. Penney Stock Is Untouchable [View article]
Yeah, those shops aren't going to save them, too faddist, expensive, there is so much disposable income from the new customers Ron thinks he will get and the changes made burned the bridge to the old customer base. He is betting the farm in that wifi working well, tagged " wifi wired" merchandise, WallyMart backed off it, checking out by iPad? Yes that will work out well, you have a two hand fulls of clothes guess you drop them to the floor while you whip out that credit card. I have seen concerns of a non employee checking you out. My guess, any customer over 30 is going to balk at shopping JCP, so you have 14-29 vs 30-99, guess which ones make more money. The idea you can build, in Ron's case convert, a mini mall next to/attached to a mall and compete with the brand loyalty found in the mall is absurd. The on-line retailing too will eat their lunch. Take a new brand going into JCP William Rast, aka Justin Timberland, this is an expensive brand, read cheap, sold at a premium. Just a quick Google will get you well over 55 % off $200 jeans. JCP will feel the Best Buy " Showrooming" bite aka window show local for size and fit, buy on-line because of lack of sales. Or go to Target they sale this as a limited brand, tshirt $25 VS $50 MSRP. The cash bleeding, the firing of tons of local middle management last year, regular store staff, these are not good signs, there is getting nothing left on the bone but to start closing once profitable stores. I see nothing here. What was that bonus Ron gave to, who was it Francis, his old Target cronie $12 million to come to JCP and then fired him 8 months into the job. $12 million down the toilet plus his salary. Wow.
At 52-Week Lows, J.C. Penney Stock Is Untouchable [View article]
At 52-Week Lows, J.C. Penney Stock Is Untouchable [View article]