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Recommendations: 2
I've posted about JCP here a few months back. Totally agree, this is a binary result - either they make it or not (not counting on outside takeover scenario - but obviously this will only happen if stock price is down the toilet).
There's kind of a big bet on Joe Fresh, which is their push of the store within a store concept. Some say this is a make or break for JCP. I'm not a gambler by nature and therefore I feel that Ron Johnson's strategy is too much of a gambit. Think of it this way:
1) They stopped sending out sale coupons 2) People stopped shopping at JCP 3) They revamped stores, 4) People still not coming back in droves.
=> What do you do? Obviously, you backtrack on what you did that stopped people from coming. START SENDING THOSE COUPONS for crying out loud. When they get a feel of the new JCP remodel, then maybe you can reduce the sales coupons.
ibarz - down 15% on JCP
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