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J. C. Penney Company, Inc. Message Board

  • danmann81 danmann81 Dec 23, 2013 9:54 AM Flag

    Jcp was sooooooo packed I had to leave!!!

    Store in Brea California was jammed packed! I dunno but clearly the change is taking hold and this is turning around ... $10-$12 by March ....

    Sentiment: Buy

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    • your right about the change taking place, shoppers are spending less than last year!!!!!

      U.S. consumers shopped less on the final weekend before Christmas despite deeper discounts, the latest sign of how difficult a season this is turning out to be for retailers.

      Shoppers also showed signs they will do more of their spending after December 25 than they did in the same period last year in the hopes of snagging even more deals.

      "We expect the next two weeks to pick up a lot of the slack," Topeka Capital Markets analyst Dorothy Lakner wrote in a note.

      Analytics firm RetailNext estimated on Sunday that U.S. retail sales fell by a mid-single-digit percentage at brick-and-mortar stores on Friday and Saturday, two of the four most important shopping days of the season, compared with the same days last year.

      That does not include online sales, which have been strong.

      The number of visits to stores fell 7 percent on Friday and Saturday, RetailNext said.

      Analysts have said this is turning out to be the most competitive holiday season since the recession, forcing retailers to ramp up the promotions. The season generates 30 percent of sales and 40 percent of profits for many stores.

    • That seems to be the same customer traffic report coming from different JCP stores all over the country. Maybe the season will be jolly after all!

    • Nice!

6.59-0.21(-3.09%)Dec 19 4:03 PMEST

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