JCPenney to stop selling appliances

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Super S
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JCPenney to stop selling appliances

Post by Super S » February 6th, 2019, 9:44 am

https://www.cnbc.com/2019/02/06/jc-penn ... ances.html

This was doomed from the start with limited brand selection, poorly placed departments in stores, and little to no staffing in those departments. JCPenney could have had a shot at making this successful if they executed this a little better.

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Re: JCPenney to stop selling appliances

Post by SamSpade » February 28th, 2019, 7:22 am

JCPenney bests earnings expectations, installing more management, to close 27 stores (18 department, 9 free-standing furniture locations)
https://www.dallasnews.com/business/ret ... -potential
Maybe there's some life there after all. I am hopeful but skeptical.

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Re: JCPenney to stop selling appliances

Post by Super S » February 28th, 2019, 10:11 am

SamSpade wrote:
February 28th, 2019, 7:22 am
JCPenney bests earnings expectations, installing more management, to close 27 stores (18 department, 9 free-standing furniture locations)
https://www.dallasnews.com/business/ret ... -potential
Maybe there's some life there after all. I am hopeful but skeptical.
It bugs me a little bit that JCPenney is being so secretive about which locations will close this time around.

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Re: JCPenney to stop selling appliances

Post by SamSpade » February 28th, 2019, 9:31 pm

One somehow got leaked - Greenwood, SC
http://www.indexjournal.com/news/breaki ... 43126.html

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Re: JCPenney to stop selling appliances

Post by storewanderer » February 28th, 2019, 10:32 pm

The number of store closures probably needs to be much higher. This is probably just stores where leases will end in the next year or so.

Given how the company was run the last half of last year after the old CEO bolted for Lowes, I suppose the new management may be able to show some okay results this year just by at least sort of trying. But it probably won't solve the chain's problems.

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