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J. C. Penney Company, Inc. Message Board

markitvalue 386 posts  |  Last Activity: May 22, 2015 10:48 PM Member since: Jun 25, 1998
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  • markitvalue markitvalue May 22, 2015 10:48 PM Flag

    "Get it? The verification was a couple of lines in the Bible"

    Perhaps it is you, that needs a rewrite as you are digging yourself a bigger hole....Saying 'just a couple of lines in the Bible', really now!.
    "just a couple of lines?...Shall I cut and paste all the lines in the ten commandments, DUH..
    .
    Do a rewrite, it'll make you feel better.

  • markitvalue markitvalue May 22, 2015 10:05 PM Flag

    Soohia, Sehora, Senora, No matter how you spell it they are growing and it's working for JCP. Did you know Sephora was Moses's wife?...She wasn't there when Moses came down off the mountain with his book* the ten most important rules of your life.
    Tnge will explain it all to ya.

  • markitvalue markitvalue May 22, 2015 6:27 PM Flag

    " lines in a book".

    When Moses came down from the mountain Tnge, there was No independent 3rd party.
    NO independent 3rd party, and "NO book"!,.... Stone Tablets perhaps, but NO book, fer sure, fer sure.
    Sorg Printing wasn't even around way back in those times, not even Joshua Printing.

  • markitvalue markitvalue May 22, 2015 2:09 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"

    Who said anything about 'dismissing the suit' because of KSS or the banks?
    And btw, where did the Banks come from, Ohhh you!

    Next you said, "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"

    Really? Have anything to back up that assumption?...
    That's, an allegation, not a fact. Show me the proof that your statement is not bogus. "Someone said, is not a fact".

    The pending KSS class action is exactly that, pending, along with Jos A Banks. What does that mean? Anyone can sue, collecting is another story.
    Like the article I referenced, 2 earlier class actions this year were dismissed.

  • markitvalue markitvalue May 22, 2015 12:09 PM Flag

    Caved? a done deal?...
    Guess he didn't read about the two previous class actions.

    "JCP not the first to be accused of phantom discounts"

    "In the lawsuit, the lead plaintiff purchased three blouses at $17.99 each, which was advertised as a 40 percent discount from the $30 original price. However, Spann learned that the price had not been above $17.99 in the prior three months before the sale".

    "The FTC guidelines state the regular price has to have been offered to the public on a regular basis for a reasonably substantial period of time. Essentially, the rule is that your business cannot artificially inflate a price to promote a sale".

    "JCP is not the first retailer to be accused of phantom discounts, as similar lawsuits are pending against Kohls Corp and Jos. A. Bank. None of the retailers are commenting on open lawsuits, but a Jos. A. Bank spokesperson did comment that two similar suits with the same types of allegations were thrown out earlier this year".

    "Consumers want to see sales, not lies"

    "Price discounting has long been criticized on Black Friday as not really being the deep discounts that are advertised. Often, the actual bargains are “engineered illusions.” The discount is built into the price of the product before it goes on the shelf. The manufacturer sets the list price well above what the product is actually expected to sell for. It’s a competitive market out there".

    "Retail businesses need to ensure that their organization is following consumer protection laws for
    your state. Consumers want to see sales, but make sure you meet the rules and don’t offer phantom discounts".

    Key sentence.."Jos. A. Bank spokesperson did comment that two similar suits with the same types of allegations were thrown out earlier this year"

    "A done deal" NOT.

  • Reply to

    turn

    by tveditor1220 May 21, 2015 11:57 AM
    markitvalue markitvalue May 22, 2015 11:40 AM Flag

    "similar products are 3-4X the price at other places"

    Tell her to list off some names on this board, you know who they are, and apply a generous amount of the JCP V.C. on sale now @$8.86 a jar.
    Then again, why would we want them to vanish? The entertainment ain't bad.
    They're so misguided, like Saddam's Scuds were.

  • Reply to

    If you put a fake price on fake jewelry

    by tngenchek May 20, 2015 5:10 PM
    markitvalue markitvalue May 22, 2015 9:33 AM Flag

    "1- From Market who sets get store by "thumb counting" and feels it affects the share price in some yet to be discovered mystical way".

    Odds are 4 to 1 you do care. But I'll add number 3.

    #3. From Tnge who constantly lives in a world of fantasy of people deleting posts
    tngenchek • 16 hours ago

    Ghee, now who would want to delete all these posts.

  • markitvalue markitvalue May 22, 2015 8:17 AM Flag

    While I'm on the subject of food, this is the second new hire with a foods background, among others..

    "Effective June 8, 2015, the Board of Directors of J. C. Penney Company, Inc. (the “Company”) has elected Andrew S. Drexler as Senior Vice President, Chief Accounting Officer and Controller of the Company. In connection with his appointment, Mr. Drexler will become the Company’s principal accounting officer. Mr. Drexler succeeds Dennis P. Miller who will remain principal accounting officer until that time".

    "Mr. Drexler, 44, is joining the Company from Giant Eagle, Inc. (“Giant Eagle”), a grocery retailer, where he served as Senior Vice President and Chief Financial Officer since 2014. Prior to joining Giant Eagle, Mr. Drexler served as Senior Vice President Finance and Corporate Controller of GNC Holdings, Inc. (“GNC”) from 2011 to 2014. Prior to joining GNC, Mr. Drexler held various positions with Wal-Mart Stores, Inc.
    ("Walmart") from 2001 to 2011, including Vice President of Finance, Information Systems Division from 2010 to 2011 and Vice President of Finance, Membership, Marketing, Operations and Ecommerce, Sam’s Club Division from 2008 to 2010. Prior to joining Walmart, Mr. Drexler was with PricewaterhouseCoopers, LLP from 1993 to 2001. Mr. Drexler is a certified public accountant".

    Since this is the second new hire I've seen, with a strong foods background, you don't suppose JCP is anticipating selling Toe.mat.Toes, Poe.tat.Toes in their Malls?
    You heard it first here.

  • Note: "the two similar suits with the same allegations were thrown out earlier this year"

    "The FTC guidelines state the regular price has to have been offered to the public on a regular basis for a reasonably substantial period of time. Essentially, the rule is that your business cannot artificially inflate a
    price to promote a sale".

    "JCP is not the first retailer to be accused of phantom discounts, as similar lawsuits are pending against Kohls Corp and Jos. A. Bank. None of the retailers are commenting on open lawsuits, but a Jos. A. Bank
    spokesperson did comment that two similar suits with the same types of allegations were thrown out earlier this year".

    Guess we have to continue to fund lawyers, judges, court personnel, etc..so they can afford to buy
    Toe--may-Toes, and.......... Poe- tay-Toes..

  • markitvalue by markitvalue May 21, 2015 5:31 PM Flag

    Are we still going up, after hours?

  • Reply to

    turn

    by tveditor1220 May 21, 2015 11:57 AM
    markitvalue markitvalue May 21, 2015 4:01 PM Flag

    "for every "shabby horse" they need a "shabby bush" to tie too"?

    WHOA... better ease up on those magic mushrooms you been eatin, Tnge.

    Psilocybe mushrooms cause hallucinations because they contain the psychotropic tryptamines psilocybin and psilocin. According to the 2003 National Survey on Drug Use and Health, about 8 percent of adults over the age of 26 in the United States have used magic mushrooms.

  • Reply to

    turn

    by tveditor1220 May 21, 2015 11:57 AM
    markitvalue markitvalue May 21, 2015 3:02 PM Flag

    'What "half truth"'
    Hey the 'half truth' is you mentioned JCP but nary a word about KSS, or others!
    So if you feel the need to talk about class actions and who is getting sued, include all, okay negative one?
    You might also want to mention the insurance JCP and others carry to protect themselves.

    Here, I'll help you out, the part you conveniently omitted, The half truth, thingy. .
    Similar lawsuits have been filed against retailers such as Kohls Corp (KSS.N) and Men's Wearhouse Inc's (MW.N) Jos. A. Bank unit.

  • Reply to

    turn

    by tveditor1220 May 21, 2015 11:57 AM
    markitvalue markitvalue May 21, 2015 1:19 PM Flag

    "things that go bump in the night"

    At times will also respond to things that go 'dump in the night'.
    If anyone here is going to have a stroke, count on those that do very little else but post 24/7 on chat boards.
    Any progress on the Macy's/Martha Stewart Suit? He likes litigation, but only when it's against JCP. though.

  • Reply to

    LONGS, AGAIN BE CAREFUL UP HERE

    by greggw125 May 21, 2015 10:56 AM
    markitvalue markitvalue May 21, 2015 12:24 PM Flag

    "Now I have to go home and live with Mommy"!

    "Now I have to return home and live with Mommy"?!

    Now kinda implies he's returning, otherwise he would be remaining where he is, which of course he can NO longer afford.
    But if you prefer it way sure, why not?

  • Reply to

    turn

    by tveditor1220 May 21, 2015 11:57 AM
    markitvalue markitvalue May 21, 2015 12:09 PM Flag

    "turn"

    Must be the new product Sephora came out with, selling off the shelves at JCP...
    SVC....Short Vanishing Cream, reasonably priced @$8.95 a jar, price increase imminent......BWahahahaha.

  • Reply to

    LONGS, AGAIN BE CAREFUL UP HERE

    by greggw125 May 21, 2015 10:56 AM
    markitvalue markitvalue May 21, 2015 11:24 AM Flag

    Some crazy fool said, JCP was being sued for a Gazzilion bucks, so I rushed right over, and shorted the limit I could..Ahhh Geez...Now I have to go home and live with Mommy!

  • markitvalue markitvalue May 21, 2015 8:53 AM Flag

    True, but making up the other half truth, kinda does...

  • markitvalue markitvalue May 21, 2015 7:31 AM Flag

    "it's phantom discounts"

    Yeah that Kohl's, gotta keep an I on them.

  • markitvalue markitvalue May 21, 2015 7:25 AM Flag

    "Bottom line"

    A better question since Kohl's is also named in the class action, why is Macy's insulated for basically doing the same thing? A little pay to play going on?

    And why Johnson doesn't make sense is doesn't he still have warrants of JCP stock?
    "On the other hand, Ron Johnson paid J.C. Penney $50 million cash when he accepted the job, in return for warrants that allow him to purchase more than 7 million shares of J.C. Penney stock for $29.92. $50 million
    was the fair value of the warrants at the time they were issued, but after J.C. Penney's recent poor performance, they have lost most of their value. Unless J.C. Penney's stock price rises above $29.92 before the warrants expire in 2018, Johnson will get nothing for the $50 million he invested in J.C. Penney".
    If anything Johnson would like to see JCP successful, so he could see a return on his investment.

    So far not much of a reaction to the class action, if anything the PPS has appreciated.

  • markitvalue markitvalue May 18, 2015 11:52 PM Flag

    "Twilight Zone calling"

    O.K. why not have anyone interested here, check on what you just said?
    Insider roster, per Tnge:
    ULLMAN MYRON E III

    I deleted all his Starbucks holdings, SBUX shares to make it easy to follow.

    Feb 24, 2015 608,710 Total shares owned @2/24/2015

    A) 22-Nov-13 112,000 JCP Purchase at $8.95 per share.
    (Cost of $1,002,399)

    B) 24-Feb-15 496,710 JCP Acquisition (Non Open Market) at $0 per share.

    A+B = 608,710 No phantom shares here!

    Now I, market with an I, DO HAVE the link for those phantom shares...
    Phantom Stock Units (1) 05/14/2015 A 725.328 (1) (1) Common Stock 725.328 $8.04 39,520.3831 D
    So you see MU has a total of 39,520. phantom shares, you lyin sack O sh*(..
    (Strictly for entertainment purposes).

    Explanation of Responses:
    1. Represents equivalent shares based on units of participation in the JCPenney stock fund credited to Mr. Ullman's account under the Company's Mirror Savings Plan. Each phantom stock unit entitles the reporting person to receive, on the applicable payment date, the cash value of one share of JCPenney common stock.
    Remarks:
    *** Under continuing POA as filed with the S.E.C.

JCP
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