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  • J.C. Penney (JCP -3.1%) posts a video on YouTube (video) in which the retailer mournfully apologizes for its mistakes and asks customers to come back. Of note, it appears the company is moving away from using the JCP monicker in the post-Ron Johnson era. [View news story]
    Hi Penneypal67.

    I may know you. We may have worked at 1943 at the same time. I retired from that store in 2003. I was transferred from store 1946 after they closed it's doors forever. Till this day, I do not understand why the corporate office chose to close a profitable store.
    May 6 08:23 PM | Likes Like |Link to Comment
  • J.C. Penney (JCP -3.1%) posts a video on YouTube (video) in which the retailer mournfully apologizes for its mistakes and asks customers to come back. Of note, it appears the company is moving away from using the JCP monicker in the post-Ron Johnson era. [View news story]
    Hello Penneypal67.
    It's a small, small world. We most likely know each other. I retired from store 1943 in Hurst TX in 2003. I started there after store 1946 closed it's doors forever. I have never understood why that store was closed when it was making profits.
    May 6 05:42 PM | Likes Like |Link to Comment
  • J.C. Penney (JCP -3.1%) posts a video on YouTube (video) in which the retailer mournfully apologizes for its mistakes and asks customers to come back. Of note, it appears the company is moving away from using the JCP monicker in the post-Ron Johnson era. [View news story]
    I joined the forces of JCPenny's in 1960. I retired in 2003. For 43 years I contributed to the profit sharing plan (401K). I made the mistake of holding on to my 401K too long, thinking the value would go back up after dropping from $82 to the current $16. Fearing I would loose 'everything', I rolled my 401K into other investments. The amount of rollover was thousands of $ less than my personal contributions. I hope someone will benefit from my story by not making my mistakes.
    May 2 12:07 PM | 1 Like Like |Link to Comment
  • The emergency plan: If J.C. Penney (JCP) loses its courtroom battle to sell Martha Stewart home goods inside of its stores, the retailer will reportedly look to Asian suppliers to produce an emergency line of private label bath products, bed linens and kitchenware to fill the void. The trick is that production could take 75 to 90 days and the company would have to takes losses on quite a bit of inventory. [View news story]
    I started working for the JCP company when I was a teenager. I am now a retired great-grandfather. All the many years I worked, I had strong faith in the company. I witnessed their continued growth and improvements over the years. I retired after 40+ years and watched my 401K investment grow larger and larger. Then Ron Johnson 'moved in' to totally send JCP into a downward spiral. I continued having faith in the company as my 401K got smaller, thinking it would turn around and start growing again. It didn't!! I lost over $140,000. Thank you Ron Johnson. Enjoy your millions of dollars severance pay while living like a king, while I lick my wounds and kick myself.
    Apr 9 01:31 PM | 1 Like Like |Link to Comment
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