Penney’s on the dollar

Penney’s on the dollar

There are 2 comments on the Free Republic story from Feb 24, 2013, titled Penney’s on the dollar. In it, Free Republic reports that:

That, at least, is the message some investors expect to hear from CEO Ron Johnson Wednesday - despite forecasts that the flailing retailer will report a fourth-quarter loss on what could be the worst sales drop in its history.

Join the discussion below, or Read more at Free Republic.

Stock buyer

Bethlehem, CT

#1 Feb 24, 2013
Doesnt look good for the 1st quarter either.
bob haller

Pittsburgh, PA

#2 Feb 24, 2013
Ron says disruption is good or some such nonsense. he has been forced to backpedal on many of his changes like bringing back sales and bringing back some brands he quit carrying. But the question is after ticking off so many customers will they return even if he could return penneys to pre ron era?

A large percentage of his customers have now shopped the competitors, and many probably will never return.

In addition Gabriel Brothers, a local discount department store chain was sold by its founders, the new owners changed the stores, to group mens shes with mens clothes etc.

I hear their sales dropped by half..

so while a store within a store may see a sales spike because something is new, the claims of such high sales per square foot may not be sustinable........

No doubt Ron is very sad that he left Apple...

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