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Another American brand that is sadly and slowly eroding away is AMERICAN PRIDE.
We used to take the high road, you know, the road less traveled. We did not take it because it was easy or because it would make us more money. We took it because we were proud. We took it because we used to stand for something. We took it because we were taught that we were better. That we had morals. That we did not believe in child labor. That we did not believe in sweat shops. That we believed in equal and fair treatment for all. But today? All that old washwater was thrown out the window, baby included.
Today it is all about profits and getting "my piece" or "my fair share". Today American Pride is something I long for. Something I fondly remember. To think, we really believed when we were told "work hard, save money and do the right thing and you will be rewarded at the end". We did that. Where's the reward? To think how easliy misled and naive many of us were.
end of rant.
I have read several articles and watched Penny's stock struggle for the past few years. After our recent visit I now I have witnessed some of the reasons they are struggling. Went to Penny's last weekend so my wife could pick up seam new jeans. When we walked in we were very surprised to see how nice our store was remodeled. We were there for less than 10 minutes and my wife could not find any jeans. We both immediately noticed the choice and inventory was about 60% less than the last time we shopped their. They had no selection what so ever. The racks were spread very far apart. We could have drove our car through the store their was so much empty space. You can't sell merchandise if you don't have a selection.
They only had 2 types of jeans in stock and only a few sizes of each type. We were extremely disappointed in the selection, inventory and fashion. We were very disappointed because we use to shop at Penny's on a regular basis. Over the past several years the selection has decreased and styles have suffered. After the recent visit it will most likely be our last visit. On the brighter side the store looked extremely nice and appeared to have a recent remodel. This will probably help the value of the store when they are liquidating.
I tried to test drive a Volvo convertable. The sales staff refused, but said that I could test drive a sedan instead.
I went next door an test drove and purchased a Mercedes CLK.
Is it any wonder that Volvo can't sell cars?
Remember Montgomery Ward? That store is long ago gone! It was bad management, and lousy customer service that made them zap out of business This is exactly the fate of JCP, they put themselves in the hole. Have they thought about turning their stores into indoor swap meets? Mr. Park "the Korean guy" will sure love to run their store as indoor swap meets.
Asta La Vista JCP!
Duh.. haven't heard much about of any of them for what seems like years but JCPenney's, and thats only been bad news for them.
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[BRIEFING.COM] Equity indices settled on their lows following a steady, session-long slide. Similar to yesterday, small-caps paced the retreat as the Russell 2000 fell 1.6%, extending its December loss to 3.6%. The S&P 500 settled lower by 1.1%, widening its month-to-date decline to 1.3%.
There was no specific news catalyst behind today's slide, which had the markings of broad-based profit-taking. Seven of ten sectors settled with losses of 1.0% or more while only two groups ... More
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