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Started By
Message
re: Sears Rejects Lampert Bid, Cue Up the Fat Lady
Posted on 1/8/19 at 9:01 am to cuyahoga tiger
Posted on 1/8/19 at 9:01 am to cuyahoga tiger
quote:
I don't think JCPenney will be with us much longer either.
no question about that
I think they’ll be fine for another decade or so. A large percentage of the population still wants to go into a store and try on clothes. Women still like to walk aisles and hunt for bargains. As long as they can keep their operating costs under control they can still be successful.
1
Posted on 1/8/19 at 9:41 am to Tyga Woods
quote:
As long as they can keep their operating costs under control they can still be successful.
That and their inventory costs.
Sears stores are empty. JCP stores are full of shoppers. Now, they are bargain-minded shoppers looking for a "deal". And with more research available to shoppers today, they aren't going to be fooled by the old "double the price and sell it at 50% off" stuff.
The question for JCP is, can they actually make any money doing what they do? There is a market out there for the "I need a dress for tonight" crowd. But, can they be profitable? Currently, they are not.
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