JC PENNEY- HOW TO TAKE ADVANTAGE OF SOCIAL MEDIA ANALYTICS J.C. Penney Company‚ Inc. (jcpenney) is a chain of American mid-range retailer‚ operating 1‚107 department stores in 50 states and Puerto Rico. Its business consists of selling merchandise like family apparel and footwear‚ accessories‚ fine and fashion jewelry‚ beauty products‚ home decors to consumers through its department stores and through its Internet Website at jcp.com. Realizing the tough competitions from other retailers like
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combined annual revenue of merely $198 billion in last year. In addition‚ the growth rate of that has remained negative through out the past four years and is expected to continue to be negative in 2013. Company Overview JCPenney Company‚ Inc. is a chain of American mid-range department stores based in Plano‚ Texas. The company operates 1‚107 department stores in all 50 U.S. states and Puerto Rico. In addition to selling conventional merchandise‚ JCPenney stores often house several leased departments
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James Cash Penney opened a dry-goods store in Kemmerer‚ WY in 1902‚ and this was the beginning of what is known as the JC Penney retail chain today. "J.C. Penney is executing a strategic Long Range Plan that consists of four integrated strategies aimed at building a deeper‚ more enduring relationship with our customers‚ increasing the engagement and retention of our Associates‚ and delivering industry leading financial performance to our shareholders”(Edwards‚ 2013). This is J.C. Penney’s current
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transform JC Penney from a department store chain into a retail powerhouse. based on his previous experience at Apple and Target‚ Johnson began to create about 80 high brand stores inside JC Penney stores‚ such as Martha Stewart boutique‚ besides offering services to customers like promotions; free ice creams and hot dogs in July. The main strategy for the new plan is that instead of deep discounts to appeal customers‚ the company will offer three pricing strategies: Daily‚ month long value (events
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REMAKING JC PENNEY’S ORGANISATIONAL CULTURE 1 Do you think JC Penney was justified in appointing Mike Ullman‚ an outsider‚ as CEO instead of Vanessa Castagna‚ considering that Castagna was instrumental in turning around JC Penney in the early 2000s? Soon afterwards‚ Castagna left the company. What are the pros and cons of “bringing in an outsider” and promoting from within”? Discuss too the impact of such decisions on the morale of the employees. JC Penney is a mid range chain of American
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JC Penney Case Study MBA 503 March 28‚ 2013 Background JC Penney is one of only a handful of one hundred year old plus companies in the United States. Founded in 1902 by James Cash Penney‚ the company has grown into a major retailer‚ with 1‚104 stores and approximately 116‚000 employees as of February 2013. The company sells merchandise and services through its department stores and website‚ jcp.com. Their product mix includes clothing and shoes‚ accessories‚ jewelry‚ home furnishings and
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it becomes a struggle to persevere against the rampant competition and adapt to the continuously changing structure of the retail industry. JCPenney‚ formally known as Penney’s‚ was founded in 1902 by James Cash Penney (Hannah). Currently‚ JCPenney is known as a moderately priced chain of department stores with headquarters stationed in Plano‚ Texas. Aside from their general merchandise departments‚ JCPenney also offers Sephora‚ optical centers‚ portrait studios‚ and jewelry repair. Since its inception in 1902
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developing a new IMC campaign? J. C. Penney was founded by a successful retail businessman from Missouri named James Cash Penney. Penney had a deep respect for customers and wanted to create stores that was ran with honesty. J. C. Penney Company is a nationwide chain of stores that sells a wide variety of products (JC Penney 2013). Up until four years ago‚ JC Penney was one of the largest mid-range department store chains in America (Jacques 2014). JC Penney was on top of the catalog market when
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JC Penney Company Overview JC Penney Co. Incorporated was founded in 1902 in Kemmerer‚ Wyoming by James Cash Penney and William Henry McManus. Today JC Penney offers a range of family apparel‚ jewelry‚ shoes‚ accessories‚ and home furnishing products through a chain of department stores and their company website. JC Penney‚ headquartered in Plano‚ TX‚ operates in the United States and Puerto Rico‚ with a total of 1‚108 stores. JC Penney also offers its products through a catalog channel.
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Should I Invest in JC Penney Nadia shelchkov Wilmington University Abstract This paper explains and explores the financial statements of JC Penney and its four top competitors: Kohl ’s‚ TJX‚ Wal-Mart‚ and Target. It analyzes their net profit margin compared with industry‚ return on assets‚ return on investment‚ return on equity‚ price-earnings ratio‚ inventory turnover‚ Beta‚ etc. and then compares these variables to the other stores. This information gets analyzed from an investors point of
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