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J. C. Penney Company, Inc. Message Board

retayl101 6243 posts  |  Last Activity: Jun 27, 2016 1:38 PM Member since: Oct 4, 2005
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  • Reply to

    Hi honey, I'm home!

    by lancer_loser2k Jun 27, 2016 11:59 AM
    retayl101 retayl101 Jun 27, 2016 1:38 PM Flag

    Hello, old friend. Hope this finds you and yours well. Still in God's waiting room, I presume. Recently the wife has been "hinting" about the advantages of ditching the cold and becoming a 'snowbird". Nothing on the board seems to have changed for the better in the last couple of years I see.

    Looking back over a couple of my 'calls' and it seems they were slightly prophetic.
    ////////////////////////////////////////////

    retayl101 • Apr 16, 2014 7:24 PM

    Years and years ago I and several others on this board strongly suggested JCPenney take advantage of a unique advantage they had over the competition - - - - a working symbiotic relationship between Catalog, Internet, and Brick and Mortar - - - - - why would anyone feel they have to choose one over the other - - - a company should utilize them all - - - - of course now we have a cutesy buzzword name "omni-channel" - it's on everybody's radar - - - I believe it's around 15% of purchases today are internet - - 10% are catalog and 75% are still brick and mortar - - - those percentages WILL CHANGE and the wise retailer will be astute enough to find and follow the trend ..

    //////////////////////////////////////////////////////
    I also had suggested emulating WalMart's online strategy of linking to third party suppliers for product placement and fulfillment.(Such as they're currently doing with appliances)
    /////////////////////////////////////////////////////

    It's good to be right.

  • retayl101 retayl101 Feb 16, 2016 4:38 PM Flag

    Just decided to Google "GE refrigerators" and J C Penney's website didn't show up at all - - - kinda hard to make people think of you for GE Refrigerators wouldn't you say - - - -

  • retayl101 retayl101 Feb 16, 2016 4:34 PM Flag

    "I would be curious to know your take on the JCP venture into appliance sales and the new Home Depot management"
    ///////////////////////////////

    I'll add this "take" to my call below(Now three years old !!!! and stock was 21.00 at that time) - - - The addition of appliances is a non-event in my opinion - - - large appliances are sold one of two ways - - - - -
    1. Large volume - low margins
    2. Small volume - higher margins
    Generally the margins on appliances range from 15-25% and when you're hanging your hat on increasing your current margins upward from the mid 30's - - - - - - - well, it doesn't take a rocket scientist to figure that one out - - - as for the Home Depot influence specifically re: appliances, if you check, you'll find a lot of their appliances are "Pickup" rather than delivered and installed - - - not exactly JCP's forte - - - pretend you're shopping for a, let's say, a GE refrigerator and using the internet to search for your "best" deal - - you'll get a return for Lowes, Home Depot, Sears, Best Buy and hopefully now JCPenney. Now ask yourself what will propel you to buy from JCPenney - - - you better have the best price(lowest margin) because the others are already established appliance retailers - - -

    //////////////////////////////////////////////////////
    retayl101 • Jan 29, 2013 8:17 AM
    Here's my take for 2013
    1. JCPenney will NOT return to profitability in 2013
    2. RJ or the new CEO will attempt to undo the damage done in 2012 by "backpedaling" - which will appear to work for a very short time and then it's back to the downward spiral.
    3. "Shops" program will be drastically reduced.
    4. More real estate will be sold.
    5. Several small stores will either close or be sold.
    6. The 900 million in savings touted last year will mostly be used to pay bills.
    7. RJ will "LEARN" - customers and trust take a lifetime to build and only a small while to destroy.

  • retayl101 retayl101 Feb 16, 2016 8:07 AM Flag

    And that is one of the reasons I no longer post as much. Even though my interest in J C Penney has waned over the years I still follow it's progress(or lack thereof) I believe however, Yahoo is in the process of addressing the issue of these boards being the Wild Wild West of the internet. They seem to be trying to resume an aura of respectability and relevance. I'm currently using their information as a log-in for my insurance and my medical providers and they can't abide much misuse or abuse and continue upgrading their image. I used to believe posters responding to various ads on the pages outweighed any misuse, but the current crop of posters have dispelled that notion. Making these boards moderated or only allowing a primary ID would go a long way to curing these ills. I have no idea why Markitvalue singled out my ID to fixate on, even though I no longer post often he has created fake knockoff ID's and frequently references me. I don't recall doing/saying anything to or about him that would warrant what would come close to felony stalking charges in the real world. I realize that here or on Facebook or any social media site, there are people substituting an online persona in lieu of a real life, but even they must know what a sad existence they live .

  • You always had doubts in your mind about my claim gas could be had for .19 cents a gallon in the mid-70's during what they used to call a "gas war". Here we are 40 years later and the same old "gas war" is back with gas selling for just .46 cents a gallon at Sunrise Marathon and Beacon and Bridge in Houghton Lake, Mich. Not so far fetched now is it, and please don't concoct a fake ID to reply.

  • Reply to

    Happy Holidays to One and All....

    by lancer2k Dec 24, 2015 7:42 AM
    retayl101 retayl101 Dec 24, 2015 12:01 PM Flag

    Naturally, our presents(sic) is required.

  • Reply to

    Happy Holidays to One and All....

    by lancer2k Dec 24, 2015 7:42 AM
    retayl101 retayl101 Dec 24, 2015 8:27 AM Flag

    And a happy holiday and prosperous New Year to you and yours. I do miss the old days on the board and the posters both pro and con. It's degenerated to almost totally worthless postings. I can count on one hand the number of posters that actually post relevant, informed facts, and opinions. I post mainly on moderated boards now, and they don't allow the garbage I see on here.

  • Reply to

    Lets review where we're at

    by bullrunbullrun Nov 13, 2015 4:40 PM
    retayl101 retayl101 Nov 16, 2015 12:22 PM Flag

    Good to hear from you. I seldom check in on the board anymore, but saw your ID. Hope you also have a great holiday. We're going to have Thankgiving in my son's new house in southern Illinois this year. Sure hope they didn't pick the wrong time in the economy to be buying.

    The pumpers on the board now could use a lesson in reading financial reports and basing their decisions on more than luck.

    You missed BigAll(down on the floor, Bruno, Flipper, and Free2roam.

  • Reply to

    Lets review where we're at

    by bullrunbullrun Nov 13, 2015 4:40 PM
    retayl101 retayl101 Nov 16, 2015 11:15 AM Flag

    If I remember correctly you and I were on the exact same page. When we first made these predictions JCPenney was about 20 bucks a year after RJ took over at around 40 bucks. Yet the stockholders on this board have ridden it all the way down to 7 bucks, making up excuses, when the real reason is RJ decimated this company with little to no hope of gaining back what he lost. It's 10 times harder to get back a customer than keep one, and JCPenney has run out of money. It looks like these predictions are as spot on today as they were then, just change the date.
    //////////////////////////////////////////////
    retayl101 • Jan 29, 2013 8:17 AM
    Here's my take for 2013
    1. JCPenney will NOT return to profitability in 2013
    2. RJ or the new CEO will attempt to undo the damage done in 2012 by "backpedaling" - which will appear to work for a very short time and then it's back to the downward spiral.
    3. "Shops" program will be drastically reduced.
    4. More real estate will be sold.
    5. Several small stores will either close or be sold.
    6. The 900 million in savings touted last year will mostly be used to pay bills.
    7. RJ will "LEARN" - customers and trust take a lifetime to build and only a small while to destroy.
    8. Ackman will suffer a HLF short squeeze

  • Reply to

    Daddy, could you help me with my homework?

    by markitvalue Oct 16, 2015 3:42 PM
    retayl101 retayl101 Oct 17, 2015 7:47 AM Flag

    "Their large debt and constant losses correlates to gasoline in a car's tank."
    ///////////////////////////////////////////

    Resurrecting JCPenney is more akin to trying to put toothpaste back in the tube. Markit is just throwing feces into the rotating radiating vanes of the oscillating device.

  • Reply to

    Bob Blatchford: my Life in a nutshell

    by dadescounty85 Sep 18, 2015 8:21 AM
    retayl101 retayl101 Sep 20, 2015 6:10 PM Flag

    "We were instructed to charge the 7% sales tax on purchases KNOWN to be tax-exempt.
    As it was explained to me, "We ALL do it", "The Customer doesn't know any better," and, "We need the money" - DESPICABLE!!!! "
    ////////////////////////////////////////

    As I've posted before - don't forget they've also ripped people off when they charged that sales tax on "shipping and handling" on catalog orders. When questioned if they remitted this tax to the states affected - - - surprise, no answer !!!

  • retayl101 retayl101 Jul 31, 2015 8:08 AM Flag

    "Lately, most stocks are up & down from day to day"

    That just speaks for itself

  • retayl101 retayl101 Jul 6, 2015 2:20 PM Flag

    Thought you were going to hang around and rub my "smarmy" nose in it - - - - - but you ran away - - - - guess you're just another of those drive-by big mouth posters.

    shhc •Sep 12, 2013 9:13 AM

    shhc • 15 hours ago
    Retay---you so very wrong-I bet jcp goes to 15-17 in September, 18-20 by end of year- I will be here to push your smarmy nose in it...buy now and cover-just watch
    ------------------------------------
    -----------------------------------

  • retayl101 retayl101 May 22, 2015 2:48 PM Flag

    here's a couple of witnesses that can testify - - - -
    Today News - - Jul. 24, 2013 at 6:12 AM

    Gena Stone says she did it when she worked at a JC Penney in Virginia. "All of a sudden, the rack of $7 shorts became $14, and then they were 50 percent off."

    "What did you say to your bosses when they asked you to do this?" we asked.

    "They said it was coming down from corporate in Texas," Gena told us.

    “Were you comfortable doing it?” we asked.

    “No.” Gena replied.

    Gena quit the store after six months. Bob Blatchford still works at JC Penney, at a store in Florida. He told us, "I saw a lot of pricing teams going through the store, raising the prices, mostly doubling — towels and clothing."

    "Double the price?"

  • retayl101 retayl101 May 22, 2015 2:43 PM Flag

    I guess as proof we could use some posts from at least a couple of witnesses on this board(Bob and Skrewed) as well as pictures of repriced merchandise peeled back to show the original price that was published in several magazines and on various news stories - - - - - I know those won't meet your strict criteria but they will suffice in a court of law.

    As far as your "And btw, where did the Banks come from, Ohhh you!" - - - - I did take the liberty of abbreviating the reference you made to Jos. A Banks to Banks. I had no idea I'd bypassed your intellectual level when I did so.

    BTW you did know your Jos. A Banks was also an abbreviation for Joseph A Banks?

    Note to Golden - - - careful with your posts - - - - this guy is a definite JCP plant - - - - - - and I don't mean the potted kind, although the IQ's might be similiar

  • retayl101 retayl101 May 22, 2015 1:49 PM Flag

    Re: your sales tax allegations - - - - I posted this previously and still wonder if it is a tax collected and not paid?
    ----------------------------------------------------
    retayl101 • Mar 23, 2015 9:13 AM
    A question I always asked about was that "sales tax" was charged on catalog orders on the "shipping and handling" portion- - - - - other merchants in our state added the sales tax to the merchandise before they added the non-taxed "freight" charges.

  • retayl101 retayl101 May 22, 2015 12:46 PM Flag

    First, the KSS lawsuit is still ongoing - - - - so you can't dismiss the JCP lawsuit on that ground - - - - - the Banks lawsuits were of a totally different substance than the JCP lawsuit - - - - so you can't dismiss the JCP lawsuit on that ground - - - - so when it comes to comparing apples to apples, that argument comes up lacking.

    What makes the JCPenney lawsuit unique and different from the others is the fact that it has already been proven that your CEO at the time "intentionally requested manufacturers to create phoney/fake prices for the exclusive idea of marking them down to create a fake sales price" - - - - - the other examples your erroneously attempt to paint with the same brush, did not do this.

    This lawsuit is very far from being removed from anyone's radar and your allusion that a one day PPS was unaffected is proof that the suit is a flash in the pan is just silly

    JCPenney probably will not cave, although they should ----- and even under your pie in the sky rose colored glasses scenario - - - - - there will be a financial cost to JCP and at a time where that's the last thing they need. Only amoron would think otherwise.

    ---------------------------------------------------

    JCPenney CEO Ron Johnson (above) is reportedly asking vendors to conjure up phony retail markups in order to make prices seem lower at the one-time respectable department store chain.

    New York Post - - - January 24, 2013

    Fake prices are coming back at JCPenney, and this time they’ll be more fake than ever.

    In a fresh bid to highlight Penney’s prices as low, CEO Ron Johnson is pushing some manufacturers to concoct phony suggested retail markups for their clothing, sources told The Post.

    The plan, insiders say, includes erecting signs and fixtures that will display the sometimes made-up retail prices, while tagging the clothes and accessories themselves with Penney’s own lower prices.

  • retayl101 retayl101 May 20, 2015 5:18 PM Flag

    I don't think RJ was so innocent as you suggest in his desire for fair and honest pricing - - - - - note the last line in the post - - - one-time respectable department store chain
    /////////////////////////////////////////////////////////////////////////
    Ronald's brand spanking revolutionary idea
    by retayl101 • Jan 24, 2013 8:14 AM

    Instead of putting a fake price on a tag and then remarking it - put the fake price on a display sign and then put the marked down price on the tag - WOWZERS - FIREWORKS - GIMME A T- GIMME AN A - GIMME AN E - GIMME A M - - - - RAH RAH SIS BOOM BAH - --- THIS IS GONNA COMPLETELY REMAKE THE RETAIL LANDSCAPE - - - - HOW WILL ANYONE COMPETE - WE'LL BLOW EM OUT OF THE WATER !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

    ///////////////////////////////////////////////////////////////////////////////////
    New York Post - - - January 24, 2013

    Fake prices are coming back at JCPenney, and this time they’ll be more fake than ever.

    In a fresh bid to highlight Penney’s prices as low, CEO Ron Johnson is pushing some manufacturers to concoct phony suggested retail markups for their clothing, sources told The Post.

    The plan, insiders say, includes erecting signs and fixtures that will display the sometimes made-up retail prices, while tagging the clothes and accessories themselves with Penney’s own lower prices.

    “They want to have a table of sweaters with a sign saying ‘regular price, $30,’ and the price tag will be $22,’” one source told The Post in a hypothetical example.
    Getty Images
    JCPenney CEO Ron Johnson (above) is reportedly asking vendors to conjure up phony retail markups in order to make prices seem lower at the one-time respectable department store chain.

  • Reply to

    volume down 60% w/60 min to go

    by greggw126 Apr 23, 2015 2:58 PM
    retayl101 retayl101 Apr 23, 2015 4:30 PM Flag

    Perhaps he can tell us where they're going to get the 600(?) million from they're going to lose this year - - - - - - - I'm willing to bet somebody cares about that(banks, vendors, etc) - - - - - - - - - that would be most of the cash they currently have, and still have to buy all that inventory for the next holiday season(if they make it that long)

  • Reply to

    Heading for that 3/Share that Barron's mentioned?

    by lancer2k Apr 22, 2015 11:47 AM
    retayl101 retayl101 Apr 22, 2015 12:59 PM Flag

    Well, old friend, glad to see you're still around - - - - - - in God's waiting room I presume - - - - - I seldom check in here anymore unless something catches my eye in the news - - - lately the only two things that caught my attention was how our posters are always claiming lines at the registers are 10-15 deep and stores are sooooooooooo busy and then Target puts out a Lilly Pulitzer limited edition - - - THEN, every evening newscast, showing actual paying customers lined up around the block - - - - - and it's a total sellout - - - - - - and the best JCPenney comes up with is an accidental sales figure leak of some severely massaged 1Q sales numbers - - - - - - they just can't seem to help themselves - - - - - - - - snatching defeat from the jaws of victory.

JCP
9.40-0.25(-2.59%)Jul 27 4:00 PMEDT