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Old 06-17-2020, 09:36 PM
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Default JCPenney filed Ch.11 - closing stores



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One of my favorite stores.

https://footwearnews.com/2020/busine...ng-1203008069/
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Old 07-14-2020, 03:37 AM
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Investors buying a collapsing equity now go legal. What next “lottery tickets who knew you could lose”.
https://www.bloomberg.com/news/artic...m-from-wipeout
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Old 07-16-2020, 06:51 AM
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That was another schlock outfit like Sears. My sister worked as a pricer for one until they did away with her job. My SIL worked there PT for a long time too. The one by me is still open, I saw people going in and out of it the other day. The day of the department store is gone.

They did the Macys over by me, took them 18 months. A total gut job, all said and done, the floor plan and layout is the SAME as the old one. My wife worked for Federated Stores for years, so did my mom. Their sales are pretty good.
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Old 07-16-2020, 11:29 AM
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Many of the stores that were around when I was a mall rat (30+ years ago) are extinct. One more for the list.
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Old 07-16-2020, 11:34 AM
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I grew up on JC Penny's, my moms BF was a manager, we got a store discount.
But in the past 10 years the quality and service have taken a nosedive. We bought a few household items when we moved into our new house a few years ago and they already need to be replaced. They couldn't keep up, it's time to go.
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Old 07-16-2020, 12:03 PM
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AMAZON/ google/ walmart/ with all of them pushing everyone to buy on line, is killing the old guard stores, The big push to do away with $ [cash] and go to eletronic $ transfer to buy any and every thing,IMO we will be issued credits to our accounts instead of $ and 1 card instead of a wallet filled with many cards, this 1 card will be used for all things, from gas to groceries. I know this sounds nuts but it is JMO
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Old 07-16-2020, 02:40 PM
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The world keeps changing.

families used to spend an adventure filled day shopping for a couple things they needed. Buying blindly without seeing any reviews or comparison shopping.

Now they can sit on their butt and comparison shop the world in 5 minutes and make their purchase. And it doesn't take the entire family along for an entire wasted day of waiting for each family member to try on clothes or shoes, etc.

There was a lot of joy in the old way. A lot of social interaction and sunshine and getting caught in the rain, and eating out at some fast food place just because you were there and got hungry. Really inefficient. And half the time you overpaid or would be unhappy with your purchase and make another trip to return it. or try to. It was a negotiation half the time.

At the end of the day, the family accomplished almost nothing. You bought a few items, had an Arby's roast beef and salt sandwich, and burned 15 gallons of gas. yippee. Yet people were happy.
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Old 07-16-2020, 03:16 PM
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One less credit card for my Evil Princess.
Also , she pays her Penny's charge by Driving there ! Geeze.
Maybe now she will save some Gas money.
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Old 07-16-2020, 03:31 PM
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I am totally amazed that they are not closing our local store. That said we do go in there a couple of times a year and sometimes even buy something.
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