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(Reuters)   They're bringing back sales at Penney's   (reuters.com) divider line 66
    More: Interesting, J.C. Penney  
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3058 clicks; posted to Business » on 05 Jun 2012 at 9:15 PM (3 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-06-05 05:52:16 PM  
I thought "month-long values" were Mitt Romney's.
 
2012-06-05 05:53:58 PM  
Sale at Penny;s Airplane meme:

First time was hilarious
Second time, likewise
Third time, ehh, its been done before
100th time: go fark yourself, subs
 
2012-06-05 06:01:26 PM  
images.wikia.com
 
2012-06-05 06:03:46 PM  
Penney Co Inc is bringing back the word "sale" in its advertising in hopes of stemming a sharp slide in business.

Has One Million Moms already reported this as a victory?
 
2012-06-05 06:23:10 PM  

cman: Sale at Penny;s Airplane meme:

First time was hilarious
Second time, likewise
Third time, ehh, its been done before
100th time: go fark yourself, subs


Yeah, Subby should make an entirely different kind of joke altogether.
 
2012-06-05 06:24:56 PM  
Penny's what?
 
2012-06-05 06:27:34 PM  

FloydA: cman: Sale at Penny;s Airplane meme:

First time was hilarious
Second time, likewise
Third time, ehh, its been done before
100th time: go fark yourself, subs

Yeah, Subby should make an entirely different kind of joke altogether.


Yeah, Subby should make an entirely different kind of joke
 
2012-06-05 06:33:46 PM  

Nadie_AZ: Penny's what?


A chain of mid-range department stores, but that's not important right now.
 
2012-06-05 06:35:04 PM  

FloydA: Nadie_AZ: Penny's what?

A chain of mid-range department stores, but that's not important right now.


/me offers you a cigarette...

me: cigarette?

You: yes, it is...

//Whoops, wrong movie
 
2012-06-05 06:35:30 PM  

FloydA: Nadie_AZ: Penny's what?

A chain of mid-range department stores, but that's not important right now.


A buh?
 
2012-06-05 06:43:04 PM  
I dislike newsflash abuse as much as the next farker, but this really WOULD have been funnier with a newsflash tag.
 
2012-06-05 06:43:56 PM  

cman: Sale at Penny;s Airplane meme:

First time was hilarious
Second time, likewise
Third time, ehh, its been done before
100th time: go fark yourself, subs


Looks like you picked the wrong week to quit smoking
 
2012-06-05 06:49:12 PM  
CEO: dropping use of term 'month-long value'

Besides the ones who actually invented shiat and started a company, has any CEO of any company ever been worth a fark?
 
2012-06-05 06:51:33 PM  

ArkAngel: cman: Sale at Penny;s Airplane meme:

First time was hilarious
Second time, likewise
Third time, ehh, its been done before
100th time: go fark yourself, subs

Looks like you picked the wrong week to quit smoking


LOL


Would have been funny if you would have used the amphetamines line, because I AM farkING HIGH AS A KITE ON THAT shiat
 
2012-06-05 07:03:48 PM  

Mugato: CEO: dropping use of term 'month-long value'

Besides the ones who actually invented shiat and started a company, has any CEO of any company ever been worth a fark?


I hear they have some nice parachutes.
 
2012-06-05 07:54:10 PM  

nekom: I dislike newsflash abuse as much as the next farker, but this really WOULD have been funnier with a newsflash tag.


It did originally. Admins said no. Then everything tasted purple for a second
 
2012-06-05 07:55:23 PM  

FirstNationalBastard: FloydA: cman: Sale at Penny;s Airplane meme:

First time was hilarious
Second time, likewise
Third time, ehh, its been done before
100th time: go fark yourself, subs

Yeah, Subby should make an entirely different kind of joke altogether.

Yeah, Subby should make an entirely different kind of joke


Yeah, Subby should make an entirely different kind of joke
 
2012-06-05 07:56:59 PM  
I think the CEO forgot to check just how freaking bad at reading comprehension is in America.
 
2012-06-05 08:03:02 PM  

scottydoesntknow: Penney Co Inc is bringing back the word "sale" in its advertising in hopes of stemming a sharp slide in business.

Has One Million Moms already reported this as a victory?


Yeah, that's what's going to piss me off about the revenue dropoff at JCP. The homophobes are going to crow all about "their" campaign causing people to abandon the chain.
 
2012-06-05 08:11:19 PM  

dahmers love zombie: Yeah, that's what's going to piss me off about the revenue dropoff at JCP. The homophobes are going to crow all about "their" campaign causing people to abandon the chain.


What's funny... and I'm just wildly guessing here but I would bet that all of the indignant homophobes who are all pissed at whatever they're pissed about would drop their convictions for 20% off socks. Cause the homos but you know, socks.

/hates Wal*Mart's business practices but their liquor store is really cheap
//and it's open all night and within walking distance so I'm saving lives
 
2012-06-05 09:27:00 PM  
"We're moving away from the word 'month-long value' because no one really understood that, to calling it what we intended to do, a sale," Johnson said.

Hey jackass, that's THREE WORDS, maybe that's why your 'idea didn't get communicated effectively'...
 
2012-06-05 09:28:37 PM  
They bought their tickets; they knew what they were getting into.

/I say: Let 'em crash
 
2012-06-05 09:31:18 PM  
I bought a shirt at penneys on sunday because they didn't kowtow to homophobes.
 
2012-06-05 09:36:02 PM  
On the same day as this...

The lawsuit says that, contrary to Jos. A. Bank's representation, "the merchandise is perpetually 'on sale,' and the 'sale price' is actually the price at which Jos. A. Bank regularly offers their merchandise for sale," the lawsuit says. It adds that the merchandise was "rarely, if ever, sold at 'regular price'" and that advertisements created a false sense of urgency and gave the impression that prices would rise after a limited time.

Interesting
 
2012-06-05 09:40:35 PM  
But the retailer has avoided using the word "sale," instead calling the events "month-long values." That didn't work.
...
Penney reported same-store sales during the first three months of the new pricing model fell a far worse-than-expected 18.9 percent
...
Penney's shares were down 1.5 percent to $24.90 at midday. They have fallen 42.3 percent from a 52-week high in February.



What was wrong with the word "sale"? Why fix something that was not broken?
 
2012-06-05 09:42:24 PM  
Penney's is pretty much the only place I have bought clothes for years, way back when I was buying JNCO that was made in USA. I thought the new look and fair price thing was interesting. But unfortunately for Penney's, they are too late to win me back. I've been shopping at thrift stores for the past year and have doubled my wardrobe for a fraction of what they would charge. I now have a lot of $100 plus jeans for $5 each or less instead of their $20 Arizona jeans. Dress shirts for $3 instead of $50, sport coats for $5 instead of $250 plus, you get the point. So sorry Penney's, I'll take barely used clothes and pay about what you pay for them instead of ridicules markups.
 
2012-06-05 09:43:59 PM  
Johnny, how 'bout some more coffee?
 
2012-06-05 09:49:23 PM  

Cheesus: Johnny, how 'bout some more coffee?


No, thanks!
 
2012-06-05 09:49:48 PM  
In other news, the JCP sales executives over-estimated the intelligence of their clientele, with disastrous results.
 
2012-06-05 09:50:55 PM  

Cheesus: Johnny, how 'bout some more coffee?


No thanks!
 
2012-06-05 10:12:51 PM  

cman: Sale at Penny;s Airplane meme:

First time was hilarious
Second time, likewise
Third time, ehh, its been done before
100th time: go fark yourself, subs


Surely you can't be serious?
 
2012-06-05 10:23:46 PM  
I have never been a "loyal shopper" at Penney's to begin with, but I tell you what, I am all for getting rid of coupons and gimmicks and whatnot. Case in point, this very evening I went to local "grocer" Rainbow Foods intent on purchasing a handful of things, including ingredients for making s'mores. There was a large display of Hershey bar 6-packs, and a sign indicating the regular price 3.98, but with coupon 2.98. Well, I didn't have a coupon, and didn't see any store flyers anywhere obvious. Meanwhile, directly next door is Target. I walked over and found the same 6-packs for sale at 2.99, regular price. Needless to say I bought them and all my other items there.
 
2012-06-05 10:35:14 PM  
I was on a JC Penney website a week ago searching for underwear. They didn't appear to have the full range of Jockey underwear, only offering a two-pack at $6 per pair. You also would have expected them to offer the house (Stafford) brand as an alternate. No.

A survey popped up:
Is our pricing clear: no.
Did we offer the best price: no
Did we offer the best options: no
Is our pricing policy clear: no

I bought the products I wanted at Macy's for less than $4 per pair. No shipping fees.

JC Penney employees know the company's policies are a disaster. Only top management is clueless.
 
2012-06-05 11:05:43 PM  
So they still had sales at Penneys?

I thought they had done away with it altogether, not changed the terminology.

At least it's not like the "sales" at Dollar Tree. WTF? Everything is STILL a dollar, so where is the "sale"? Shouldn't sale items at Dollar Tree by like 75 cents or something like that? Sale ads are a complete waste of dead trees for Dollar Tree (Ironic name, given their pointless printing of sale flyers)

As for Penneys, who didn't see this coming? All we heard was "No more sales at Penneys" and consumers ran with that message, right out the door. Great move, Mr. Penneys CEO.
 
2012-06-05 11:33:07 PM  

Johnnyflash: Penney's is pretty much the only place I have bought clothes for years, way back when I was buying JNCO that was made in USA. I thought the new look and fair price thing was interesting. But unfortunately for Penney's, they are too late to win me back. I've been shopping at thrift stores for the past year and have doubled my wardrobe for a fraction of what they would charge. I now have a lot of $100 plus jeans for $5 each or less instead of their $20 Arizona jeans. Dress shirts for $3 instead of $50, sport coats for $5 instead of $250 plus, you get the point. So sorry Penney's, I'll take barely used clothes and pay about what you pay for them instead of ridicules markups.


The time investment at thrift stores is significant. You have to look through a lot of worthless crap to just maybe find something you can use. I do it when I can, but it is much faster to go online (which for me is usually JCPenney for work clothes--nice shirts, Dockers, etc.).

Also, don't get underwear at a thrift store. I don't care how many times its been washed, that's just gross.
 
2012-06-06 12:09:46 AM  
Yeah, Subby should make an entirely different kind of joke
 
2012-06-06 12:36:07 AM  
The shame is that I actually like being able to go in on a Tuesday afternoon and buy my preferred brand of pocket t-shirt at a fair price. You know, instead of waiting for the weekend and dealing with weekend traffic and a line for the one cashier in a store with 10 cash registers.

But maybe the problem isn't the new pricing strategy. It's the consumers. Americans are suckers for value attribution. Just look at Invicta watches, MSRP $600 but yours today for $149.99. It's still a $30 watch, but look at the bargain!
 
2012-06-06 01:03:23 AM  
And the CEO got paid $53 million for destroying a company in less than 6 months. Way to take one of the most profitable department stores to losing money in half a year.
 
2012-06-06 01:13:22 AM  
I'll never be over Penney's.
 
2012-06-06 01:13:31 AM  

GoodyearPimp: In other news, the JCP sales executives over-estimated the intelligence of their clientele, with disastrous results.


This.

If people don't think every item in a facility is 'on sale' then their intelligence lever isn't what it should be.
 
2012-06-06 02:54:34 AM  
So its the customers fault that Penny's business plummeted because they didn't understand the sales pitch? That is sure statement of taking responsibilities for your actions - Not. But I guess that's what happen when your having a Johnson running your company.
 
2012-06-06 05:04:19 AM  
I dislike Penny's because of their confusing policies regarding the loading and unloading zone. I mean is it the red or the white? C'mon people... I just wanna pick up my TV.

Fark it... I'm going to Target... assholes.
 
2012-06-06 05:43:12 AM  
Hold on, Penney's, you stupid biatch.


You don't get to blame a 19% drop in same-store sales based solely upon the lack of 'sales'. No, you shiathead, you also changed your advertising strategy. And with that change, you suffer the consequences.


Buh-buh, Penneys.
 
2012-06-06 05:52:59 AM  

meat0918: I think the CEO forgot to check just how freaking bad at reading comprehension is in America.


As an American, I had trouble reading comprehension is in this.
 
2012-06-06 05:58:02 AM  

Johnnyflash: Penney's is pretty much the only place I have bought clothes for years, way back when I was buying JNCO that was made in USA. I thought the new look and fair price thing was interesting. But unfortunately for Penney's, they are too late to win me back. I've been shopping at thrift stores for the past year and have doubled my wardrobe for a fraction of what they would charge. I now have a lot of $100 plus jeans for $5 each or less instead of their $20 Arizona jeans. Dress shirts for $3 instead of $50, sport coats for $5 instead of $250 plus, you get the point. So sorry Penney's, I'll take barely used clothes and pay about what you pay for them instead of ridicules markups.


Good idea! Let's all do this!

/ridicules markup
 
2012-06-06 06:02:19 AM  

there their theyre: And the CEO got paid $53 million for destroying a company in less than 6 months. Way to take one of the most profitable department stores to losing money in half a year.


He would have gotten ten times that if he'd succeeded. So, yeah, he's clearly a failure.

/value attribution
 
2012-06-06 07:49:13 AM  
This is the first I'm hearing of "month long values." I am well aware of "no sales," the screaming commercials and the gay issue. And I've seen their flyer/catalogs.
It seems to me they're trying to slap Apple image on same-old products.
 
2012-06-06 08:01:43 AM  
We've self-imposed pricing restrictions to create an inflexible structure that cannot respond to changing market conditions, let's see what happens!


Oh crap we lost a lot of money.
 
2012-06-06 09:44:26 AM  
revrendjim: Johnnyflash: Penney's is pretty much the only place I have bought clothes for years, way back when I was buying JNCO that was made in USA. I thought the new look and fair price thing was interesting. But unfortunately for Penney's, they are too late to win me back. I've been shopping at thrift stores for the past year and have doubled my wardrobe for a fraction of what they would charge. I now have a lot of $100 plus jeans for $5 each or less instead of their $20 Arizona jeans. Dress shirts for $3 instead of $50, sport coats for $5 instead of $250 plus, you get the point. So sorry Penney's, I'll take barely used clothes and pay about what you pay for them instead of ridicules markups.

The time investment at thrift stores is significant. You have to look through a lot of worthless crap to just maybe find something you can use. I do it when I can, but it is much faster to go online (which for me is usually JCPenney for work clothes--nice shirts, Dockers, etc.).

Also, don't get underwear at a thrift store. I don't care how many times its been washed, that's just gross.


True, if you don't like spending time looking through the crap to find the gems, this isn't for you. But eventually you find yourself with enough clothes to last a long time for the cost of one outfit.

As for the used underwear, when I'm with a friend, I like to pull out a pair and hold it up to my friend's face and ask if this is their size.
 
2012-06-06 09:46:32 AM  
felching pen: Johnnyflash: Penney's is pretty much the only place I have bought clothes for years, way back when I was buying JNCO that was made in USA. I thought the new look and fair price thing was interesting. But unfortunately for Penney's, they are too late to win me back. I've been shopping at thrift stores for the past year and have doubled my wardrobe for a fraction of what they would charge. I now have a lot of $100 plus jeans for $5 each or less instead of their $20 Arizona jeans. Dress shirts for $3 instead of $50, sport coats for $5 instead of $250 plus, you get the point. So sorry Penney's, I'll take barely used clothes and pay about what you pay for them instead of ridicules markups.

Good idea! Let's all do this!

/ridicules markup


It's not for everyone, but it gets addicting. I'm curious how much it actually costs to make these clothes, and how much a store pays for them.
 
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