J.C. Penney Down the Tubes
Posted in the Greeneville Forum
#1 Mar 8, 2013
J.C. Penney Co.(JCP) is cutting an additional 2,200 jobs to trim costs as Chief Executive Officer Ron Johnsons revamp of the department-store chain causes sales to plunge.
The positions to be eliminated include back-office administrators in stores and district offices as well as store leadership positions, Joey Thomas, a spokesman, said in an e- mail yesterday. About 10 percent of J.C. Penneys 1,100 stores cut their headcounts because of sales volume shifts, he said.
Johnson said last week that 19,000 J.C. Penney employees have lost their jobs in the past year as his turnaround struggles to gain traction. The retailers revenue fell 25 percent to $13 billion in the year ended Feb. 2, the lowest since at least 1987. Customers have been alienated by marketing missteps, a failed attempt to transition away from sales and coupons and Johnsons plan to turn most stores into collections of boutiques.
#2 Mar 8, 2013
I hope the one in greeneville goes. A loser store in a loser town, and besides, if you really need something, go to johnson city or kingsport. They never have what you want in greeneville.
#3 Mar 11, 2013
hey bye how would you feel if you lost your job you a**hole! People have jobs there you loser! Greeneville needs to keep all the businesses they can! Hope they shut the place where you work down! Oh wait I bet you have no job and selling drugs don't count
#4 Mar 11, 2013
The JC. Pennys in Greeneville doesn't have a [email protected] thing for boys older than toddlers! And very few girl clothes older than toddlers. Forget about kids shoes too. That store needs to close or at least get rid of all the old lady clothes and put more kids/teen clothes!
#5 Mar 14, 2013
funny how all you people say places need to close! If this town keeps going the way it is we won't have nothing and your neighbors wont have jobs! maybe they should close down your jobs too since things aren't perfect either I would rather shop there than belk any day
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