Under $5... It was over $10 5 months ago. J.C. Penney (NYSE:JCP) reports comparable sales fell 3.5% in Q1 to miss the consensus estimate for a 0.7% drop. Strength was cited by management for the Home, Sephora, Fine Jewelry and Salon businesses. Gross margin was reported at 36.3% of sales vs. 36.2% a year ago and 36.1% consensus. SG&A expenses were 31.2% of sales.
With Walmart, Target and TJX stores, the rest will start dying off real slow like Loehman's, Kmart, Sears, JCPenny, Macys etc...
It is all bull sheetrock, and it makes me mad. Sears/KMart. Who the hell cares about them. The last time you went into one of their stores, did you get service? No. Did you get a quality product? No. That brilliant move by the then CEO, forget his name, to make the intra-store politics a war of attrition between departments for store resources? A-1 move, jerk-off! You're a bloody genius! Thanks for destroying a retail empire that had thrived for 130 years! Shit, jerk dick-fuker! Assholer! J.C. Pennywise, the evil and unfun store-clown of retail....When was the last time anyone here ever stepped foot in that store? It is the loser of the remaining retail chains. Big "L" on it's forehead. They suck!!! Macy's...? Miracle on 34th street is over, dudes. Your products are so overpriced and overrated, I am surprised you have the balls to blow so much of your cash and loans to even THINK that running your brick-and-mortar stores is a good idea. Morons. Just die, and take your stupid "The Cellar" bags with you.