For those who thought the Ron Johnson era at J.C. Penney(JCP) was long over, a reminder this week that the results of his disastrous 17 month tenure continue to linger. Johnson was fired in 2013, but, despite strides under new CEO Marvin Ellison, the company remains a shadow of what it was prior to Johnson’s tenure. Incredibly, Johnson… Read More »
Appliance sales may be the answer for growth for brick and mortar retailers Best Buy(BBY) and JC Penney(JCP). Best Buy has shown consistent growth in appliance sales while struggling with its core electronics business. JC Penney announced plans to expand a pilot selling appliances to many additional stores. At the same time, moribund Sears Holdings(SHLD), once the clear… Read More »
We’re usually fans of BusinessInsider‘s sensationalist reporting, but a headline this morning was so far beyond the pale that we felt compelled to comment on it. The headline reads “Amazon Is So Scared of the iPad 3 That It Cut Kindle Fire Orders In Half” The headline’s implication is that as a result of the iPad 3, Amazon(AMZN)… Read More »