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Xithras

(16,191 posts)

12. Johnson has been th CEO 10 months

Reply to stopbush (Reply #4)

Mon Sep 10, 2012, 07:09 PM

Sep 2012

JCP has been having financial problems for the better part of the past decade, and things have been getting worse for the past several years. It's hard to lay that all on this guys shoulders.

Department stores in general have been losing traction in the market since the 80's, and the Internet hasn't helped things...the entire segment is slowly fading away, and it's hard to see how JCPenney can last using their current model. Their only chance is to figure out how to change into something OTHER than a department store. For employees who enjoy working in the department store environment, the next decade is going to be pretty unpleasant.

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18 replies

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Highlight:

Penney Makes Free Haircuts For Kids Permanent [View all] Purveyor Sep 2012 OP

When Penney's first opened a store in ann--- Sep 2012 #1

My wife is SO glad she quit working at the local JCP salon. stopbush Sep 2012 #2

I think it is appropriate to remind Ilsa Sep 2012 #8

interesting. what is johnson's background, do you know? HiPointDem Sep 2012 #14

Good on you Pennys! Blue Idaho Sep 2012 #3

Corporatist Ron Johnson is laying the costs of his screw-ups on the backs of his employees stopbush Sep 2012 #4

Not everyone agrees with you. Blue Idaho Sep 2012 #5

HE put them in? Jeff In Milwaukee Sep 2012 #7

Yes, HE put them in. stopbush Sep 2012 #11

You have literally no clue what you're talking about... Jeff In Milwaukee Sep 2012 #18

Johnson has been th CEO 10 months Xithras Sep 2012 #12

All that shows is the kind of damage an asshole can do in a short 10 months. stopbush Sep 2012 #13

Got an email this morning Tallulah Sep 2012 #6

I hope Penneys can get themselves out of financial trouble. I would hate to see any of the old Raine Sep 2012 #9

+1 indeed. I miss our old 'downtown' too here in Jackson, Michigan. eom Purveyor Sep 2012 #10

As an aside, remember that JCPenney's stood by Ellen DeGeneres Buns_of_Fire Sep 2012 #15

they sure did renate Sep 2012 #16

A child's free haircut is nice, but....how about giving a student a coat? One pair of shoes? zen_bohemian Sep 2012 #17