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Why JC Penney is worse off than you think
You thought first-quarter earnings were bad? Wait until you get a load of this.
Friday: No Major Economic Releases
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[image: Mortgage Rates] Note: Mortgage rates are from MortgageNewsDaily.com
and are for top tier scenarios.
Friday:
• At 10:00 AM ET, *University of Michig...
5 hours ago
3 comments:
I thought for sure that the quote of the day was found within the article's title. I was so wrong.
Woah! I'm experiencing extreme déjà vu.
Urban Dictionary: Woah
used to express the sudden realization of one's pathetic character and/or behavior
"Woah, I have nothing better to do with my time than to look up the misspelled word 'woah'."
And on that note, I'm off to moah the lawn. ;)
Thanks for the link. JC Penney is finished...they'll limp along for some time, but eventually they'll liquidate. The bifurcation: high end dept stores vs discounters leaves no room in the middle. Plus Amazon...
Scott,
Amazon is a productivity miracle. The virtual malls of the future seemingly need very few retail salespersons. The BLS assures us that I'm wrong to think this way. We'll see what happens after a few more years of exponential online growth.
And then there are all those restaurants located in and around the malls. Will they thrive if JC Penney is finished? I have my doubts.
As an added bonus, the high price of gasoline is encouraging us to stay home. Sigh.
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