I know many will view this stocks activity as a slugfest between longs and shorts but why play that game when the entire market is getting crushed and eventually there are bargains to be had with companies you don't have to argue with someone why you bought it and will in all likelihood bounce back with a good chance your money and it's business are sound investments and make you money plus providing the added security of sleeping with both eyes closed at night. Just an observation.
Nothing like having lower margin merchandise eat up your sales space. So who are the competing against, HD, BBY, Sears lets not lose focus on who you are let's c, time and money wasted on confusing all their customers. Who will immediately think JCP for appliances?, they barely think of them at Sears.
Article about retail sales lower because of the weather and lower prices, they must run this same article after every holiday season for the past 30 years. Lower margins, really, haven't they been training their customers to wait for the panic selling as the days get closer to December 24th not just JCP the entire industry.
And yet the Libs. love him you can tell by the dead silence, if everything he has done to this country had George Bush's hand on it they would have been screaming bloody murder, but the silence of liberals is deafening.
So what are you saying everyone is planning their next big trips to JCP?, everyone please take out your calendar's and circle those extra shopping days to Penney's I wouldn't want you to miss out on a towel or something.
"I bought big at $7.21, huge at $6.83, I expect to buy the biggest block of my career at $5.00 and double it at $2.00,.......Hello?....Hello?.
Another way others seem to play JCP is hold it down to oblivion and take the crumbs when it goes up once in awhile. I bet there are many who saw the $10.85 and rode it down to $5.52. Greed is Wall Streets friend and they don't care how may shares you have whether it goes up or down they will make money no matter what you do. On a company like JCP, longs worry, shorts cover and WS has a Merry Christmas no matter what.
They will ride all the way to the pink sheets and beyond just to prove a point.
"We're making tons of money and had the best black Friday of every retailer". Is that deceptive marketing?, OH no, that would be a deceptive statement, maybe that's next.
Correct, JCP and Sears should close half of their retail stores. Sears should bring back their Wish Book they will generate more sales and push online sales, malls are dying a slow death. If you believe in the evolution of retail, then you know people if given a choice would rather not fight crowded or self perceived crowds in a mall when they can do it from the comfort of their home.
Analysts can tell you the cow jumped over the moon, they make money whether you buy or sell, no skin off their back.
Retail gets only so many shots in the foot before consumers decide they rather shop someplace else especially when money is tight. it isn't hard to imagine another conversation of two people sitting on the porch saying "Remember JCP?". Retail is full of those types of conversations, I'm pretty sure many here can start that conversation off.
To pretend that JCP is this Icon that's protected in a golden glass case is ridiculous, the retail industry is littered with the ghosts of stores that came and went, big and small, some for various reasons they couldn't compete and refused to change with their competition, some had just bad management. Whatever the reasons were those stores are not here today. If your point is JCP is not going out of business in the immediate future I agree with you, but don't say because it's been around for so long that consumers will protect a company that shoots itself in the foot once to often, that's not going to happen. JCP has entered the "Make it or break it room" and as the story goes if they break it......"All the kings horses and all the kings men couldn't put Humpty together again".
What can retailers do to one up each other?, this is the Holiday season you know put out the store decorations with the back to school merchandise so Christmas means nothing after their big Black Friday sales. What can a retailer do, be the first and quickest one out of the block to panic and offer 70% off or by 1 and get 3 free sales or carry the same stuff through spring. Retail has shot themselves so many times with their "Innovative ideas" they forgot that Christmas meant something, people use to enjoy the experience of the holiday the decorations of the stores the family fun pre-malls. Ever go into a Sears store for the holidays it's like an afterthought to decorate to make it original looking and festive.
If your looking to make up 40% of your business at this time of the year and do what retail has done over the past 30+ years there should have been mass firings because all they accomplished was educate their so called customers to wait for the panic sales. Anyone who expects "Big increases in sales because this Christmas will be better" is kidding themselves or selling absolute garbage.
+271,000 new jobs
over 94 Million not participating lowest in 38 years
I know many here are not fools and know their investment strategy, but 1 - Who believes the numbers coming out of Washington and 2 - If the 94 Million figure is correct why should this holiday season be big and not a bust.