Word: penney
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Dates: during 2000-2009
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...there are critics who say that even that is too many and that McDonald's needs to weed out the worst franchisees and shut down some of the underperforming restaurants. "They've stretched the store managers. There are 1,000 of them that are marginal at best," says Howard Penney, an analyst at SunTrust Robinson Humphrey, who thinks McDonald's should close 500 to 1,000 branches. "They have to stop growing...
...lowest level in 44 years... To help stir warm Christmas sentiments and loosen those purse strings, stores are emphasizing family ties this year. Montgomery Ward has donated $2 million worth of VCRs and videocams to the U.S.O. for American troops stationed in the Persian Gulf...The J.C. Penney's in East Brunswick, N.J., is kindling the holiday spirit with a giveaway. Customers can get a $10 discount on new coats by turning in any old coat; the used garments are then donated to the needy. Retailers are also bolstering service, in the hope that they can hold...
...turnaround I love is J.C. Penney, which has 2,600 Eckerd drugstores. That's really the jewel in the whole piece, and they own a catalog business that is quite good too. Alan Questrom came in in May of 2000 and turned it around. You can make a case that this stock will hit between $40 and $50, and the stock is now at $23. They're doing a lot of things: new operating systems, changing the merchandising, lowering price points. The story is definitely working. Eckerd's is a great business because they're in the greatest places. They...
This back-to-school season, teenagers are pining for racy duds. And why not? It's all they see in the media. A JC PENNEY AD, in which a mom helps her daughter yank down her jeans to show more midriff, was itself yanked after parental complaints. Other fronts in the dress-code...
...that it?s all roses out there. Clearly the job "churning" that?s keeping unemployment contained is leaving some people making less than they did before - discount chains like Wal-Mart and JC Penney?s aren?t seeing their same-store sales go up because people are getting raises. If the unemployment picture isn?t yet bleak enough to push consumers over the psychological brink into complete shopping withdrawal, it?s still bad enough to keep them watching their wallets...