RitaE
DIS Veteran
- Joined
- May 29, 2008
- Messages
- 5,625
The JcPenney Ron Johnson fiasco was far more complicated than the no coupon pricing. A large driver of the customer revolt had far more to do with his elimination of a legacy product lines that the existing customers went to JcPenney to buy and not replacing it with inventory that anybody wanted to buy. He had this vision of turning JcPenney into some sort of slightly less than upscale destination shopping venue and he didn't have the capital to pull off the renovations, the purchasing departments failed to stock sellable inventory that would generate sales, and the Marketing Department failed time and time again at convincing anybody young or old, at any income level that JcPenney is a "destination shopping experience."
I'm not sure the Kohl's closings are indicative of much. I mean, there's 4 Kohls within driving distance of my house and I can't imagine how many nationwide. 18 has to be a tiny tiny fraction of their total store locations. It could be just a routine closure of underperforming stores. I mean, a McDonalds around here just shuttered up too and nobody is worried that they are disappearing that I've heard.
I'm not sure the Kohl's closings are indicative of much. I mean, there's 4 Kohls within driving distance of my house and I can't imagine how many nationwide. 18 has to be a tiny tiny fraction of their total store locations. It could be just a routine closure of underperforming stores. I mean, a McDonalds around here just shuttered up too and nobody is worried that they are disappearing that I've heard.