J C Penny does not need to win new customers. All they need to do is get their old customers back
That is much easer
"Who's to say that they cant do it?"
It's worth the gamble . To many companies over the last few years have come back from the brink of BK
Cramer the no brainer is never right. Always bet against this hedge fund front runner
I used to shop there and they will never get me back.
By dragging people out of their home, take money out of their wallet, and dump them some clothes they don't want? Revenue is everything, imo.
Cash flow is everything
$10 Billion in DEBT!
JC Penny was losing it before Ackman brought in RJ. Now the economy and competition are even tougher, the same old Ulman way may not help. Just saying.
"get their old customers back" ...From the grave!
84% of the customers surveyed said they would go back to J C penny if they brought the product and couponing back