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Baron Rejoices -- J.C. Penney CEO Fired

Discussion in 'Sports and News' started by YankeeFan, Apr 8, 2013.

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  1. Azrael

    Azrael Well-Known Member

    In addition to owning a telephone and going to lunch, Johnson managed to lose $552 million in the last quarter alone.

    Maybe he wasn't getting out of bed early enough.
     
    Azrael, Apr 9, 2013
    #25
  2. Football_Bat

    Football_Bat Well-Known Member

    Penney's is where all the high-class Wal-Mart shoppers go, though.
     
    Football_Bat, Apr 9, 2013
    #26
  3. Azrael

    Azrael Well-Known Member

    Surowiecki.

    www.newyorker.com/talk/financial/2013/03/25/130325ta_talk_surowiecki
     
    Azrael, Apr 9, 2013
    #27
  4. Chef2

    Chef2 Well-Known Member


    Well damn done.
     
    Last edited by a moderator: Dec 15, 2014
    Chef2, Apr 9, 2013
    #28
  5. The Big Ragu

    The Big Ragu Moderator Staff Member

    One thing that that doesn't touch on. ... He put in the "no sales" thing and they even ran ads deriding that style of retail. ... only to have him panic and start offering weekly sales after only a few months. I don't care what your strategy is, or what the market conditions are, when you are all over the place like that, it undermines your identity.
     
    The Big Ragu, Apr 9, 2013
    #29
  6. Bob Cook

    Bob Cook Active Member

    You're also running uphill in general if you're in the business of running a large store in an Internet age. We've talked on the Walmart thread about that -- I was in a Walmart over the weekend, and the traffic was noticeably light. Same with Best Buy. The thing is, it's so easy to shop online, and the choices so endless, that merely showing up to a store to browse seems like more of a hobby than a necessity.
     
    Bob Cook, Apr 9, 2013
    #30
  7. Azrael

    Azrael Well-Known Member

    Or he just may not have been waking up early enough.

    (But I'd also stipulate that clothes and shoes are two retail areas that will never move entirely online.)




    type-o
     
    Azrael, Apr 9, 2013
    #31
  8. Baron Scicluna

    Baron Scicluna Well-Known Member

    So that's why Penney's is going downhill, they're advertising in newspapers.
     
    Last edited by a moderator: Dec 15, 2014
    Baron Scicluna, Apr 9, 2013
    #32
  9. Here me roar

    Here me roar Guest

    Actually, the changes he made improved the stores and the way they display their clothes. And it is much cheaper than Macy's.
     
    Here me roar, Apr 9, 2013
    #33
  10. X-Hack

    X-Hack Well-Known Member

    [​IMG]

    "Who the hell is Ron Johnson?!"
     
    Last edited by a moderator: Dec 15, 2014
    X-Hack, Apr 9, 2013
    #34
  11. ifilus

    ifilus Well-Known Member

    [​IMG]
     
    Last edited by a moderator: Dec 15, 2014
    ifilus, Apr 9, 2013
    #35
  12. Captain Obvious

    Captain Obvious Guest

    Does J.C. Penney carry WWE and MMA-themed apparel?
     
    Captain Obvious, Apr 9, 2013
    #36
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