Preview

J.C. Penney Case Analysis Essay Example

Good Essays
Open Document
Open Document
2997 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
J.C. Penney Case Analysis Essay Example
SWOT Discussion

Strengths: J.C. Penney will be offering complimentary services with the addition of the “Town Square” into all J.C. Penney stores. Already they have been offering free children's haircuts every Sunday which has drawn much customer interest to the company. The new unique layout of the stores that Ron Johnson is pushing through will make the stores easier to navigate through. Customers will also have a unique experience from any other store with the additions of “Town Squares” and “Main Streets” into all stores. J.C. Penney is an old company and so people are familiar it, which will give it a step up when advertising its new retailing approach. With consistent prices, J.C. Penney will not lose as much money on the extreme sales that would occur very often with the old retailing strategy. Consistent pricing has simplified things on the consumer side, so customers are more willing to come in to the store and buy something instead of waiting for rock-bottom prices. J.C. Penney's choice of new spokeswoman Ellen DeGeneres will help promote the company more as DeGeneres is a very popular talk show host which many Americans watch.

Weaknesses: Before the new retailing strategy J.C. Penney would have constant sales on most items. Now with consistent prices items are reduced in price infrequently which might scare off customers who came for the extremely low sales prices. The new unique layout which is unlike any other store might confuse customers because they are not used to such a radical new design. Several years will be needed to completely re-do every J.C Penney around the country. During this time sales will drop due to people not being reached with advertising about the new sales approach. Sales will also be lower until brand loyalty to the new brands brought in has been established. Customers have been alienated due to prices being raised and sales being reduced. The elimination of coupons has also turned many customers away from J.C Penney.

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Imagine receiving a call that your little brother fell over the railing of your staircase and had been put in a medically induced coma while your dads girlfriend committed suicide all in the same day. Well this is the phone call that Ethan and Gabby received from their dad on a summer day. Today I’m going to tell you about The Shacknai Family, the deaths that happened, and the autopsy of what really happened.…

    • 573 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    Once he is done looking at the new trainee files Carl checks the orientation manuals and realizes that there are only three copies of the manual. Carl is supposed to have at least…

    • 1441 Words
    • 6 Pages
    Powerful Essays
  • Satisfactory Essays

    In this scenario the crime is larceny. Larceny is the unlawful taking and carrying away of someone else’s property with the intent to permanently deprive the owner of their possession. (Roger LeRoy Miller, 2008) It would not be like burglary because there was no breaking and entering involved and it would not be considered a robbery because the items were not taken by force.…

    • 372 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Case Study: Jcpenney

    • 385 Words
    • 2 Pages

    First, he removed the use of coupons and most of the promotions, when he incorporated the “Fair and Square” pricing plan in his strategy (Tuttle, 2013). Since consumers enjoyed the thrill of bargain hunting, the removal of coupons caused JCPenney to lose several of their customers (Tuttle, 2013). Second, he didn’t test his ideas prior to execution (Tuttle, 2013). Mr. Johnson refused to test his “Fair and…

    • 385 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    Michael Blair was faced with multiple charges and years in prison for something he did not do. First Blair would be faced with a really long time in prison for capital murder. Wednesday, Blair was charged with capital murder because of the death of Ashley Nicole Estell, who was abducted on Sept. 4 from a crowded park in Plano, Texas (McFarland). This shows what Michael was charged with capital murder against a Texas teen, Ashley Estell, on September 4th from a crowded park. Second, Blair was already a convicted felon and claimed that he was innocent. A convicted sex offender that was 23 years old was charged with capital murder, says that he did not commit the abduction and killing of a Texas girl (McFarland). This goes more into personal detail about the convicted murderer, Michael Blair, and the fact that he is pleading innocent in this capital murder charge. Michael Blair knew that he was not guilty of capital murder against Ashley Estell, but he would have a long fight ahead of him to get exonerated. The investigation would make him seem more guilty, than innocent.…

    • 1741 Words
    • 7 Pages
    Powerful Essays
  • Powerful Essays

    Nadel Law Case Essay Example

    • 5133 Words
    • 15 Pages

    Edward J. Felson and Stephen R. Felson, Cincinnati, for appellants. Jonathan P. Saxton, Cincinnati, for appellee Burger King Corporation. Droder & Miller Co., L.P.A., A. Dennis Miller and Kevin J. Ryan, Cincinnati, for appellee Emil, Inc.…

    • 5133 Words
    • 15 Pages
    Powerful Essays
  • Satisfactory Essays

    Case Study Page 168

    • 417 Words
    • 2 Pages

    1-Antonio is definitely feeling stressed. He has too many tasks to perform in a short amount of time. Also he has become the team lead just recently. Anytime one begins a new position there is some amount of stress because of the unknown. New nurses usually have the skills required to perform their job, but can lack management skills, like time management, to get the job done. Management skills are acquired through experience and time.…

    • 417 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    Jay’s father Don is a neurosurgeon, his mother Beth is a research scientist. During the interview Beth described Don as a, “functional alcoholic”. When Don was not on call he was described by Beth as displaying heavy drinking patterns and binge drinking. Three years prior to this interview, Don quit drinking when he realized that his son Jay had a problem. The parents report that Jay started drinking at the age of twelve. Their description of Jay’s drinking was at first experimental…

    • 1519 Words
    • 7 Pages
    Better Essays
  • Good Essays

    There is nothing pleasant about this case, and I thank you for your attention, ladies and gentlemen of the jury. Ms. Milan Jackson did not face any threat from Chris Archer on the night of her death. Ms. Jackson was a troubled young woman who can be confidently determined to have a mental disorder. Dr. Alex Richards claims herself that Ms. Jackson’s eating disorder is a form of “self harm” or “self punishment”. In either instance, it is a self induced disorder caused by the perfection seeking qualities explained by Pat Smith. While in primary school, Milan Jackson was a target for teasing among the other elementary students. Prior to entering college, her perfectionist nature and eating disorder had kept her bullies at bay, as well as any drastic…

    • 691 Words
    • 3 Pages
    Good Essays
  • Good Essays

    | -Easy for JLP customers to ‘switch’-This ability to ‘switch’ for consumers is mitigated by JLPs unique approach to their customers – by providing real service, and service-incentives within employees, they create a shopping experience that cannot simply be replicated in any other store-CULTURE creation within their stores makes switching (with the same level of service) very difficult for consumers.-Relatively low share of retail market represents a real threat in terms of ‘weight’ in the market – threatens expansion-JLP has built more stores in past year, compared to any other year, despite limited capital – clear focus on expanding, excellent expansion in the food&drink sector, which is clearly very affluent (Tesco net profit over £2bn).…

    • 1754 Words
    • 8 Pages
    Good Essays
  • Good Essays

    Jc Penny

    • 1978 Words
    • 8 Pages

    This time JC Penney’s was faced with a challenge that they wanted to change. They wanted to transition the public’s perception of them. They no longer wanted to be viewed as an old fashioned department store. The company no longer wanted sales or clearance racks. They wanted to change the whole retail climate. They called it fair and square pricing (Baskin, 2013). This came off a lot like Wal-Mart’s always low prices campaign. This sounds like a great idea to me. However, it failed for many reasons. The main reason because it was confusing to consumers. While the other main reason being poor marketing.…

    • 1978 Words
    • 8 Pages
    Good Essays
  • Good Essays

    JC Penney Corporation (JCP) is a more-than-one-hundred-year-old company which has got into trouble in the late 1990s and the early 2000s, but a dramatic turnaround happened after the good leadership quality of few key people, Questrom and Castagna between year 1999 to 2004; Mike Ullman and Theilmann between year 2004 and onwards. The contributions of Questrom and Castagna were more on optimizing business operation while Mike Ullman and Theilmann were more on changing the organisational culture. Shortly after joining as chairman and CEO of JCP in December 2004, Mike Ullman along with his top management team took various initiatives to change the climate and culture of JCP from the rigid one into more flexible and democratic environment. The most notable among these were the “Winning Together” principles (WTP), poster campaign “Just Call Me Mike!”, Associate Engagement Survey (AES), the relaxed dress code, workplace decorations, new security ID badges, more flexible working hours, Christmas party and so on. Besides, they started various people development initiatives such as “Retail Academy” and the use of IT in training its employees. In early 2007, JCP has opted of new brand positioning ‘Every Day Matters’ in order to spur the growth by forming “Deeper, Emotionally-Driven Relationships” with customer. All the 151,000 Associates were trained to execute the various new initiatives and briefed by the managers on the new branding and why they were the key to making it a success. On December 28, 2006, JCP announced that it has fired COO, Catherine West due to her failure to satisfy performance objectives. The firing triggered a US$ 10 million severance pay. This issue has brought out some message on hiring outsiders from different industry. Analysts felt that retail was a fast moving industry and it was difficult for an outsider to absor the details in a short time and mostly will become a failure. The results of initiatives taken by Mike Ullman and top…

    • 4007 Words
    • 17 Pages
    Good Essays
  • Good Essays

    Founded in 1902 by James Cash Penney, J. C. Penney Corporation, Inc. (JCP) is a chain of mid-range department stores based in Plano Texas. JCP currently has 1,060 department stores in 49 U.S. States in operation. JCP stores sell conventional merchandise as well as leased departments. Some examples of leased departments are Sephora, optical centers, portrait studios, and jewelry repair. Before 1966, most of its stores were located in downtown areas. As shopping malls became more popular in the latter half of the 20th century, J. C. Penney began relocating and developing stores in malls as other companies had done. In more recent years, the company began opening some standalone stores. The company has been an Internet retailer since 1998. It…

    • 925 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Goodner Brothers set ambitious sales goals. In order to achieve these goals, they were known to undercut their competitor’s prices. In the text, it is pointed out that “To compensate for low gross profit margin, Goner scrimped on operating expenses, including expenditures on internal control measures.” Goodner Brothers should have not saved on internal control measures so they could have caught Woody stealing their inventory. Goodner Brother’s should have had more employees to have an appropriate check and balances strategy. The bookkeeper should have been the one entering invoices into the computer while having someone check her work to make sure no fraudulent activity took place. Having Woody enter inaccurate amounts of orders into the computer allowed him to steal the vast amounts of inventory. Also, Goodner Brothers should have had two executives approve the purchase of inventory from wholesalers. When Woody brought inventory from a fictitious outside wholesaler, Al should have had another executive sign off on the approval of the transaction. Then Al would not have had a conflict of interest with dealing with his friend Woody’s fraudulent activity. Finally, Goodner Brothers should have kept a closer eye on their inventory. They needed someone to watch over the inventory at all times. Perhaps Goodner should have had a guard who would only let deliverymen and sale reps enter the ware house if they had the proper invoices to do so. There were a lot of internal control weaknesses at Goodner Brothers. They should have had implemented proper internal control measures in order to prevent the fraud committed by Woody.…

    • 1136 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    Avon Case Study Analysis

    • 2380 Words
    • 10 Pages

    Howell, Debbi. (Feb 7, 2000). JCPenney making shifts in structure to boost quality. Discount Store News, 39(3), p6. Retrieved June 29, 2007 from the University of Phoenix Library.…

    • 2380 Words
    • 10 Pages
    Powerful Essays