Monday, June 11, 2012

Quote of the Day

June 11, 2012
Why JC Penney is worse off than you think

You thought first-quarter earnings were bad? Wait until you get a load of this.


Stagflationary Mark said...

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. ;)

Scott said...

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...

Stagflationary Mark said...


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.