aspAddict: From what I understand, JCP has done well historically, up until Captain Clusterfark took over and tried to turn it in an Apple-esque "experience."What shoppers care about: Stores with sales, coupons and merchandise.What shoppers don't care about: Clerks with iPads instead of registers, stores-within-stores, CAT6 cabling instead of CAT5 cabling.Guess what he's been dumping all of the company's money into?
wingnut396: I know I'm not a Wharton Business School MBA that grew up surrounded by my fathers CEO friends, but what did people expect?Are there any example where a retailer as large as JCP has turned around years of decline in under a year? What case studies should one read for the tremendous success of a large retail company restructuring itself in the midst of a lackluster economy and doing better after a year? I don't know if JCP can be turned around of it will go the way of Montgomery Wards or others, I just wonder if anyone has reasonable expectations for any change of great magnitude to happen.
c152atn67: This story has been blown out of proportion by the media. It's standard Risk Factors boilerplate in any 10K. Hell, here's some stuff from Apple's latest 10K:"There can be no assurance the Company will be able to continue to provide products and services that compete effectively.""There can be no assurance the Company will be able to detect and fix all defects in the hardware, software and services it sells. "Holy shiat! Apple's products are not only defective, they are admitting they may not be able to compete against HTC, Samsung, or even ZTE! Everybody sell Apple now, they're circling the drain!
TheSelphie: When a company is that blunt about failing, you know they're farked.
mediablitz: TheSelphie: When a company is that blunt about failing, you know they're farked.Every publicly traded company puts that shiat in. This software may not sell, etc. It's cya stuff
Boxcutta: Wait, you're telling me building a marketing campaign around their refusal to offer any coupons or discounts to a customer base that focuses almost exclusively on coupons and discounts didn't work out?
Nemo's Brother: Boxcutta: Wait, you're telling me building a marketing campaign around their refusal to offer any coupons or discounts to a customer base that focuses almost exclusively on coupons and discounts didn't work out?The liberals thought having a few gay couples in their ads would fix everything.
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