Article

2013-05-02 Economy

Finally, we get to hear J.C. Penney's mea culpa.

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Posted by Fred 2013-05-02 00:00|| || Front Page|| [1 views ] Top

#1 ...after the company ousted CEO Ron Johnson, a former Apple retail chief.

Done behind closed conference doors by professional board members. No board members were hurt during this event. Do not attempt at home.

Any people involved in the hiring getting pink slips too?
Does the board even understand what business they're in?
Has any of them even shopped in their stores?
Have any of them practiced Tom Peters 'management by walking around'? [not that we haven't seen that updated in Undercover Boss]

Posted by Procopius2k 2013-05-02 08:54|| 2013-05-02 08:54|| Front Page Top

Je pourrais acheter à JCPenny s'ils devaient commencer le stockage de marchandises, que je trouve attrayant et utile pour moi et mes amis.

I might shop at JCPenny if they were to start stocking merchandise , which I find to be appealing and useful to me and my friends.

Posted by Fontaine de jouvence 2013-05-02 09:38|| 2013-05-02 09:38|| Front Page Top

#3 I see a great future for him in re-rigging the NY Times business plan. Go to it, Ron

Posted by Frank G 2013-05-02 09:57|| 2013-05-02 09:57|| Front Page Top

#4 Hedge fund big shots have started to move into JCPenny.

George Soros now owns about 8%. William Ackman (Pershing Capital) owns about 5%.

Posted by lord garth 2013-05-02 10:20|| 2013-05-02 10:20|| Front Page Top

#5 Wife works for JCPenney (sales associate - aka - sales lady) and she knew right off that getting rid of the Coupons and sales was a bad idea. She noticed right off that some of the repeat customers she would see every 'sales weekend' simply weren't coming around any more. Sometimes she would come home and notice that 'there weren't many customers today.' (and this is at a Mall).
They also got rid of a lot of front-line managers.

Posted by CrazyFool 2013-05-02 10:28|| 2013-05-02 10:28|| Front Page Top

#6 They also got rid of a lot of front-line managers.

If only the FBI had such practices.

Posted by Procopius2k 2013-05-02 12:30|| 2013-05-02 12:30|| Front Page Top

#7 Peter principle?

Posted by Ebbang Uluque6305 2013-05-02 18:10|| 2013-05-02 18:10|| Front Page Top

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