What ails J C Penny..? According to retail pundits & analysts, the problem lies in frequent changes in the pricing & promotional strategies along with problems related to workforce management & employee morale. It is also said that J C Penny has lost touch with their customer base. The loyal customers of J C Penny write in their blog that the legacy has been lost. They add that, J C Penney needs to become customer and employee centric. Making J C Penny a great place to work will translate as a great place for their customers to shop, they aver.
Over the last five years, J C Penny has been continuously witnessing depressing sales performance. The total net sales of the company in 2008 was #
On the other hand, suppliers & analysts are still wary of any immediate remedies for J C Penny’s woes. The company is still enjoying the support from its key vendors in terms of interrupted supply but this may not long last if the situation is allowed to continue to deteriorate further.
Over the last five years, J C Penny has been continuously witnessing depressing sales performance. The total net sales of the company in 2008 was #
The efforts of CEO Mike Ullman are not likely to yield any immediate results. Looks like, J C Penny might have to wait for some more quarters to see recovery signals, maybe in mid of 2014.
Over the last five years, J C Penny has been continuously witnessing depressing sales performance. The total net sales of the company in 2008 was #
Fibre2fashion News Desk - India