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Quote Of The Day: JCPenney Edition

Tyler Durden's picture





 

Despite the stock's renaissance (eerily reminiscent of Eastman Kodak), recent images of the crammed and disorganized racks at various JCPenney stores do little to conjure confidence that staff or management either know what they are doing - or give a shit... except for this clarifying quote...

"What one may misconstrue as clutter is merely a strategic effort to meet high customer demand," said Penney spokeswoman Daphne Avila.

Is that like saying, "one man's trash...?" It seems, for JCPenney that marketing and product placement come a weak second to a pit full of tangled clothes...

 

 

 

h/t @BrianSozzi

 


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Thu, 11/28/2013 - 19:32 | Link to Comment Colonel Klink
Colonel Klink's picture

JC Bankrupt!  Nice knowing you.

Thu, 11/28/2013 - 19:40 | Link to Comment nope-1004
nope-1004's picture

Agreed.  Amazing how this lady is outright lying.  All I gotta do is walk into a JCP to see first hand this "demand".  And, embarrassingly, I can say I recently was in a JCP and it was dead.

Oh.... and they wouldn't take my Bitcoin, silver, gold, wife, coffee table, or slightly used Pinto as payment.  Anti freedom, fake anarchist libertarian assholes!!!

 

Thu, 11/28/2013 - 19:43 | Link to Comment Bay of Pigs
Bay of Pigs's picture

What about Tally Sticks?

Thu, 11/28/2013 - 20:18 | Link to Comment knukles
knukles's picture

Due to excess demand...
ObieCare or JCP merchandise racks?

What the Fuck, All In the Family.

Thu, 11/28/2013 - 21:32 | Link to Comment smlbizman
smlbizman's picture

just turn them into alices restaurant...at least on this day they would be popular...happy thanksgiving hedgers...back to misery tommorrow..

http://www.youtube.com/watch?v=LjKF7aQthcQ

Thu, 11/28/2013 - 20:46 | Link to Comment Blagio
Blagio's picture

What year pinto?

Thu, 11/28/2013 - 19:34 | Link to Comment LetThemEatRand
LetThemEatRand's picture

Anyone can be the cock of the walk wearing a JCPenny black polyester jumpsuit.  Long cocks.  I mean....

Thu, 11/28/2013 - 19:42 | Link to Comment prains
prains's picture

and a matching Sears Sucker Suit

Fri, 11/29/2013 - 01:37 | Link to Comment upWising
upWising's picture

JCPennyStock.....here we come!

Thu, 11/28/2013 - 19:41 | Link to Comment Silver_K-9
Silver_K-9's picture

Dude I am already in line! Come Join me! (I'm Lonely...)

Lakewood Center Mall

Lakewood, CA 90712

Thu, 11/28/2013 - 19:43 | Link to Comment Ralph Spoilsport
Ralph Spoilsport's picture

Everything she said was wrong - it's not a strategic effort, it's desperation. It is clutter, and there is no demand. It was depressing as hell to go into one of these rotting carcasses last year and I can only imagine how bad it must be this year.

Thu, 11/28/2013 - 19:49 | Link to Comment Occident Mortal
Occident Mortal's picture

What one may misconstrue as effort to meet high customer demand, is merely the death throes of another middle income brand.

Bye bye JCP, hello 99c store.

Thu, 11/28/2013 - 19:57 | Link to Comment prains
prains's picture

another great leading indicator of a hollowed out middle class and the exponentially expansive shift of income to the 0,1%.........the author of a book called "Plutocrats" made the interesting point that things go fubar when the millionaires finally start to fight the billiionaires as they too realize they're also getting squeezed out of the income equation. It makes sense that this will be the tipping point

Fri, 11/29/2013 - 07:09 | Link to Comment Oracle 911
Oracle 911's picture

Well it is already happening, for now it is invisible even for ZHers, but next year in Q1 it will be visible for naked eye even for Joe sixpack-he will be clueless but he will see it.

Thu, 11/28/2013 - 19:54 | Link to Comment Jlasoon
Jlasoon's picture

To : JCP

Shit food sells. Start selling "Soylent Green". People need to eat. You could even accept EBT & SNAP. Just follow the Dollar Tree model. Problem solved.

Thu, 11/28/2013 - 19:56 | Link to Comment Seasmoke
Seasmoke's picture

Baghdad Bob lives in America 2013.

Thu, 11/28/2013 - 20:20 | Link to Comment I am Jobe
I am Jobe's picture

Maybe JCP should hire Eddie Lampert to finish it off. 

Thu, 11/28/2013 - 20:27 | Link to Comment Make_Mine_A_Double
Make_Mine_A_Double's picture

I would be shorting Gen Gro PT and other holders of 2nd, 3rd tier malls.

Most in Tacoma and South Seattle are anchored by PCJ, Sears, Office Max or BB. La' Fucked.

Thu, 11/28/2013 - 20:28 | Link to Comment Trimmed Hedge
Trimmed Hedge's picture

If you think this is bad, you should try stepping into a Sears..

 

JCP needs to start accepting Bigcoin™

Thu, 11/28/2013 - 20:30 | Link to Comment kragsquest
kragsquest's picture

WHAT MUST BE UNDERSTOOD THE JC PENNY BRAND IS NOT WHAT IT ONCE WAS.  THEIR CATALOGS USED TO BE FODDER FOR THOSE LOOKING FOR THE MOST TRENDY SHOPPING AND FASHION EXPERTS AS WELL AS PERVERTS WHO WOULD JERK OFF TO THE HALF NAKED FASHION MODELS.  AT THIS PARTICULAR POINT IN TIME, LIKE WALMART, KOHLS, MACYS, SEARS, ETC., JC PENNEY IS MORE OR LESS JUST A PRODUCT MOVER FOR THE GREEDY CHINESE AND THE TRAITOROUS PROMOTERS WHO ARE ABLE TO GET THEM THE CHEAPEST CLOTHING SHOE-HORNED INTO MARKETS IN THE WEST.  AT THE RATE WE ARE GOING WE ARE GOING TO BE LIVING IN SHANTY TOWNS LIKE THE POVERTY-STRICKEN ASIANS AND THEY WILL BE OUR TASK-MASTERS, THE DAMNED SHYSTERS!!!

Thu, 11/28/2013 - 20:30 | Link to Comment walküre
walküre's picture

They just need to rebrand their image and open a big store on Rodeo Drive. 50,000% margin selling to the idiot rich is how it's done.

Thu, 11/28/2013 - 20:46 | Link to Comment Make_Mine_A_Double
Make_Mine_A_Double's picture

"PERVERTS WHO WOULD JERK OFF TO THE HALF NAKED FASHION MODELS"

Same thing happened to National Geographic.

Thu, 11/28/2013 - 21:01 | Link to Comment Cabreado
Cabreado's picture

I assure you Ron Johnson is feeling no remorse.

And the BoD is sleeping just fine, too.

Thu, 11/28/2013 - 21:09 | Link to Comment Caveman93
Caveman93's picture

 

"What one may misconstrue as clutter is merely a strategic effort to meet high customer demand," said Penney spokeswoman Daphne Avila. EQUALS =

"The Chewbacca Defense"

 

http://www.youtube.com/watch?v=clKi92j6eLE

Thu, 11/28/2013 - 21:10 | Link to Comment Its_the_economy...
Its_the_economy_stupid's picture

Onestoredoesnot a chain make, BUT, I was in JCP in Rochester NY that kicked ass. It had wide isle, smart lighting, uptempo displays and was great. It was even better than Kohl's which wrote the book on low to middle retailing.

JCP could make it if it can stop the collapse.

Thu, 11/28/2013 - 21:14 | Link to Comment Caveman93
Caveman93's picture

Did you spend your fiat currency?

Fri, 11/29/2013 - 09:06 | Link to Comment jcaz
jcaz's picture

....And plenty of room, with no humans present...

My JCP store looks spiffy, too-  then I look at the "retail" price of virtually any item in the store, and it's 30% above any other vendor....  Oh but look-  I have a coupon that knocks 10% off that price, so score!

This is the REAL problem with JCP-  this sort of pricing mentality worked back in Iowa in the mid-70's,  when Farmer Ted didn't have choices, because JCP was the only game in town...   Now,  Farmer Ted goes online, finds a retailer who isn't screwing him over, and spends his money elsewhere.

Ain't rocket science, but JCP wants us to think so.   Now their debt nut is so huge, they can't even price themselves out of this mess-  game over.

Thu, 11/28/2013 - 21:14 | Link to Comment holdbuysell
holdbuysell's picture

At $0.25, the $1 Jan '16 leap puts could be a good ~4X return in 2 years.

Or sooner.

Thu, 11/28/2013 - 21:57 | Link to Comment Mr. Dew
Mr. Dew's picture

After seeing their latest "go go go go go, spend spend spend spend" ad, I want them to crater worse than SHLD (and I thought they stopped trying) now.

Thu, 11/28/2013 - 22:14 | Link to Comment quasimodo
quasimodo's picture

The JCP near me is spending a wad inside the store but in the meantime the loading dock, in full view of mall patrons is a crumbling facade along with most of the exterior. I asked if plans included freshening up the outside; there are none. I just sit and think WTF? Who wants to enter a depressed, tired looking store? The only people that go to that JCP are looking for the shortcut to Old Navy.

Thu, 11/28/2013 - 22:16 | Link to Comment Miss Expectations
Miss Expectations's picture

 

Well said Daphne.  Hey Lawrence Yun, watch your back.

Thu, 11/28/2013 - 23:12 | Link to Comment brown_hornet
brown_hornet's picture

JCP in Yorktown mall is the nicest store there. Kohl's in Elmhurst is the only store I've ever been in that looked like a bomb went off. (Well, besides WMT)

Fri, 11/29/2013 - 01:49 | Link to Comment CheapBastard
CheapBastard's picture

I hope jcp pulls a winner and stays in business since competition is good for consumers. Although Management at jcp, WMT, and some others recently have aghasted me....it's as if  they were on a suicide mission. Proves how worthless Boards are despite their Fat Salary.

Fri, 11/29/2013 - 10:48 | Link to Comment Fix It Again Timmy
Fix It Again Timmy's picture

I don't care what enlightened management teams you bring to a buggy whip factory - it's still gonna fail.....

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