• Linkdin
Maximize your media exposure with Fibre2Fashion's single PR package  |   Know More

What ails JC Penny..?

07 Sep '13
3 min read

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.   
 
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. 
 
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.  
 

Fibre2fashion News Desk - India

Leave your Comments

Esteemed Clients

TÜYAP IHTISAS FUARLARI A.S.
Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
TEXVALLEY MARKET LIMITED
TESTEX AG, Swiss Textile Testing Institute
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
Taiwan Textile Federation (TTF)
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
Stahl Holdings B.V.,
Advanced Search