"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.
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.
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.