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JC is Now a Penny Stock

SDET

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With Sears at risk of being liquidated, it sure looks like stores can't afford to keep inventory the old fashioned way.

https://www.cnbc.com/2018/12/27/jc-penney-shares-fall-back-below-1-on-fears-of-weak-christmas.html

JC Penney shares fall back below $1 as investors fear a lackluster Christmas


One of Penney’s biggest challenges has been dealing with a pile-up of unsold inventory. While other retailers, including Macy’s and Kohl’s, have made improvements in managing their merchandise in 2018 and are expected to head into the new year on a good footing, Penney still has work to do. Having a backlog of inventory means more pressure on profits, as the company will be forced to slash prices to clear shelves.
 

Hawkeye10

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truthatallcost

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With Sears at risk of being liquidated, it sure looks like stores can't afford to keep inventory the old fashioned way.

https://www.cnbc.com/2018/12/27/jc-penney-shares-fall-back-below-1-on-fears-of-weak-christmas.html

Although my take may be unpopular here, it is nevertheless true. Sears and JC Penney have been given an unfair playing field by the government, which has allowed Amazon to deal in counterfeits for well over a decade. Sears and JC Penney have had to adhere to selling genuine merchandize, while Amazon has acted as a bazaar for illegal goods. They simply can't compete with the low prices that accompany these fakes.

Why the government allowed Jeff Bezos to build his empire off of pirated brands remains a mystery.
 

Lord Tammerlain

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Although my take may be unpopular here, it is nevertheless true. Sears and JC Penney have been given an unfair playing field by the government, which has allowed Amazon to deal in counterfeits for well over a decade. Sears and JC Penney have had to adhere to selling genuine merchandize, while Amazon has acted as a bazaar for illegal goods. They simply can't compete with the low prices that accompany these fakes.

Why the government allowed Jeff Bezos to build his empire off of pirated brands remains a mystery.

Sears and JC Penny were in trouble long before Amazon became the force they are today. Walmart and Target took the middle and low end of the market from both Sears and JC Penny.
 

Carjosse

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Although my take may be unpopular here, it is nevertheless true. Sears and JC Penney have been given an unfair playing field by the government, which has allowed Amazon to deal in counterfeits for well over a decade. Sears and JC Penney have had to adhere to selling genuine merchandize, while Amazon has acted as a bazaar for illegal goods. They simply can't compete with the low prices that accompany these fakes.

Why the government allowed Jeff Bezos to build his empire off of pirated brands remains a mystery.

Other department stores, Walmart, and Target all stores with the same restrictions are fine, how do you explain that? Sears and JC Penney only have themselves and their poor management to blame.
 

truthatallcost

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Sears and JC Penny were in trouble long before Amazon became the force they are today. Walmart and Target took the middle and low end of the market from both Sears and JC Penny.

Counterfeit goods are a $600 billion industry, and sites like Amazon, Alibaba, and Walmart have been flogging them for well over a decade. Imagine if this industry didn't exist; it would add billions back in sales to American retailers like Sears & JC Penney.
 

truthatallcost

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Other department stores, Walmart, and Target all stores with the same restrictions are fine, how do you explain that? Sears and JC Penney only have themselves and their poor management to blame.

Walmart switched over to allowing 3rd party vendors several years ago. These are usually not legitimate sources of name brand goods. Walmart had to allow them in to complete with Amazon.
 

Carjosse

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Walmart switched over to allowing 3rd party vendors several years ago. These are usually not legitimate sources of name brand goods. Walmart had to allow them in to complete with Amazon.

Macys doesn't, Hudson's Bay doesn't, Target doesn't, it is 100% pure mismanagement, they have also been going downhill for far longer than Amazon has even been a threat. Sears and JCP refused to innovate.
 

Captain Adverse

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With Sears at risk of being liquidated, it sure looks like stores can't afford to keep inventory the old fashioned way.

https://www.cnbc.com/2018/12/27/jc-penney-shares-fall-back-below-1-on-fears-of-weak-christmas.html

The funny thing about Sears? They were the Mother of mail-order business models.

In 1886 Richard W. Sears founded the R.W. Sears Watch Company in Minneapolis, Minnesota, to sell watches by mail order. He relocated his business to Chicago in 1887, hired Alvah C. Roebuck to repair watches, and established a mail-order business for watches and jewelry. The company’s first catalog was offered the same year.
https://www.britannica.com/topic/Sears-Roebuck-and-Company

Now that niche has been taken over by Amazon, using the internet to merchandise. Sears sure missed the bus on that one.
 
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truthatallcost

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Macys doesn't, Hudson's Bay doesn't, Target doesn't, it is 100% pure mismanagement, they have also been going downhill for far longer than Amazon has even been a threat. Sears and JCP refused to innovate.

"Department store chains, have lost 500,000 jobs since 2001. In 2017 alone, a whole swath of chains including Payless and Toys "R" Us filed for bankruptcy, while major department retailers like Sears, J.C. Penney, and Macy's shuttered around 9,000 stores.

The number of store closings in the U.S. is expected to jump at least 33 percent to more than 12,000 in 2018, and another 25 major retailers could file for bankruptcy," Business Insider reports, working off an analysis by commercial real-estate firm Cushman & Wakefield.

Not surprisingly, the biggest losses will be among the chains that have already declared bankruptcy, like Payless and Toys "R" Us, Business Insider found. Walgreens and Gap will also see big losses. The larger department chains like J. Crew and Macy's will likely face far fewer closings. But they'll still have an impact, and Sears and Kmart aim to close a combined 63 stores in January."


The usual piranhas were allowed to in to many American chains, and they've bled them dry, while also owning Amazon stock:

"Basically, the companies were cannibalized by Wall Street for cash. Golden Gate Capital and Blum Capital sucked $700 million out of Payless between 2012 and 2013. Then Payless filed for bankruptcy last year. Toys "R" Us sent $2 billion to Kohlberg Kravis Roberts and Bain Capital, all while building up $5.2 billion in debt and as much as $500 million in annual interest payments. The toy store chain was actually seeing profits rise even as its finances forced it into bankruptcy.

Forced to take on huge debt burdens to finance payouts to shareholder, they had to shut down stores and lay off workers to balance the books. This is actually a practice that's become common across the American economy, and it helps explain why business investment has fallen even as corporate profit margins after tax have soared. But the hedge funds that own many of the big department chains seemed to have pursued the strategy with a particularly demented aggression."


Bezos, Blum, Kravis, Kohlberg... these nice folks ate the retail industry.
 

iguanaman

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Although my take may be unpopular here, it is nevertheless true. Sears and JC Penney have been given an unfair playing field by the government, which has allowed Amazon to deal in counterfeits for well over a decade. Sears and JC Penney have had to adhere to selling genuine merchandize, while Amazon has acted as a bazaar for illegal goods. They simply can't compete with the low prices that accompany these fakes.

Why the government allowed Jeff Bezos to build his empire off of pirated brands remains a mystery.

OK I'll bite. Now give me a reason to believe a word you say. What "counterfeits" are Amazon profiting with? Please include sales numbers and profits realized. Amazon is publicly traded and all those things are available so no waffling.
 

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"Department store chains, have lost 500,000 jobs since 2001. In 2017 alone, a whole swath of chains including Payless and Toys "R" Us filed for bankruptcy, while major department retailers like Sears, J.C. Penney, and Macy's shuttered around 9,000 stores.

The number of store closings in the U.S. is expected to jump at least 33 percent to more than 12,000 in 2018, and another 25 major retailers could file for bankruptcy," Business Insider reports, working off an analysis by commercial real-estate firm Cushman & Wakefield.

Not surprisingly, the biggest losses will be among the chains that have already declared bankruptcy, like Payless and Toys "R" Us, Business Insider found. Walgreens and Gap will also see big losses. The larger department chains like J. Crew and Macy's will likely face far fewer closings. But they'll still have an impact, and Sears and Kmart aim to close a combined 63 stores in January."


The usual piranhas were allowed to in to many American chains, and they've bled them dry, while also owning Amazon stock:

"Basically, the companies were cannibalized by Wall Street for cash. Golden Gate Capital and Blum Capital sucked $700 million out of Payless between 2012 and 2013. Then Payless filed for bankruptcy last year. Toys "R" Us sent $2 billion to Kohlberg Kravis Roberts and Bain Capital, all while building up $5.2 billion in debt and as much as $500 million in annual interest payments. The toy store chain was actually seeing profits rise even as its finances forced it into bankruptcy.

Forced to take on huge debt burdens to finance payouts to shareholder, they had to shut down stores and lay off workers to balance the books. This is actually a practice that's become common across the American economy, and it helps explain why business investment has fallen even as corporate profit margins after tax have soared. But the hedge funds that own many of the big department chains seemed to have pursued the strategy with a particularly demented aggression."


Bezos, Blum, Kravis, Kohlberg... these nice folks ate the retail industry.

Toys R Us when under because they borrowed a huge amount of money right before the 2008 recession. Sears and JCP and going under for poor management, they are often used in business schools of how not to manage a company, as well as refusal to innovate and adopt new technologies like the internet.
 

truthatallcost

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OK I'll bite. Now give me a reason to believe a word you say. What "counterfeits" are Amazon profiting with? Please include sales numbers and profits realized. Amazon is publicly traded and all those things are available so no waffling.

Lol, you think Amazon provides a ledger for profits derived from counterfeits? They can't be that obvious about it.

Counterfeits have been an integral part of Amazon's business. Ditto for other online retailers.

“Amazon has made it extraordinarily difficult to enforce against counterfeiters,” Johnson, who now works on online anti-piracy cases with the law firm Johnson and Pham, told me recently.

Of course, the problem is not limited to Amazon. E-commerce sites like eBay, Newegg, and Walmart.com have also been accused of selling counterfeits.

Amazon is facing multiple lawsuits from large and small brands who say the company does not do enough to prevent counterfeits from being listed on its website. "


https://www.theatlantic.com/technology/archive/2018/04/amazon-may-have-a-counterfeit-problem/558482/
 

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Toys R Us when under because they borrowed a huge amount of money right before the 2008 recession. Sears and JCP and going under for poor management, they are often used in business schools of how not to manage a company, as well as refusal to innovate and adopt new technologies like the internet.

TRU was absolutely a victim of vulture capitalism; it was essentially subject to a Romney special ala Bain Capital where the company was acquired, saddled with the crushing debt used to acquire it and accord its new owners management/consultation bonuses, etc, and then abandoned when it was unable to service said crushing debt despite being profitable; pretty standard looting/cannibalization MO.

https://money.cnn.com/2018/03/15/news/companies/toys-r-us-closing-blame/index.html
 

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Lol, you think Amazon provides a ledger for profits derived from counterfeits? They can't be that obvious about it.

Counterfeits have been an integral part of Amazon's business. Ditto for other online retailers.

“Amazon has made it extraordinarily difficult to enforce against counterfeiters,” Johnson, who now works on online anti-piracy cases with the law firm Johnson and Pham, told me recently.

Of course, the problem is not limited to Amazon. E-commerce sites like eBay, Newegg, and Walmart.com have also been accused of selling counterfeits.

Amazon is facing multiple lawsuits from large and small brands who say the company does not do enough to prevent counterfeits from being listed on its website. "


https://www.theatlantic.com/technology/archive/2018/04/amazon-may-have-a-counterfeit-problem/558482/

So it is their "marketplace" that allows outside businesses to list on their site? How is that their fault? How have they condoned any of it? Facebook has done far worse and got away with it. Here's the whole quote from your link...

The rise of e-commerce sites like Amazon and eBay have essentially helped created millions of such stores online—a seemingly infinite number of doors to knock on to check for fakes. Shut down one storefront for selling counterfeits, and the seller can just create a new account and open a new store.

That sounds like it is a problem with e-commerce not Amazon. The internet has brought new meaning to the words "buyer beware". What do you think amazon can do about that? Don't buy from Ebay or Amazon marketplace sellers and you will be fine. No one has accused the Amazon company of purposely selling counterfeit merchandise. Your post is misleading
 
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truthatallcost

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So it is their "marketplace" that allows outside businesses to list on their site? How is that their fault? How have they condoned any of it? Facebook has done far worse and got away with it. Here's the whole quote from your link...

The rise of e-commerce sites like Amazon and eBay have essentially helped created millions of such stores online—a seemingly infinite number of doors to knock on to check for fakes. Shut down one storefront for selling counterfeits, and the seller can just create a new account and open a new store.

That sounds like it is a problem with e-commerce not Amazon. The internet has brought new meaning to the words "buyer beware". What do you think amazon can do about that? Don't buy from Ebay or Amazon marketplace sellers and you will be fine. No one has accused the Amazon company of purposely selling counterfeit merchandise. Your post is misleading

I could find dozens of counterfeit items for sale on amazon or eBay within minutes. If it's that easy for me to do, it's even easier for Amazon or eBay employees.

One very obvious way to eliminate sellers of fakes is to stop allowing sellers from Asia to list brands like Nike. There are no 3rd party vendors from Asia with access to large quantities of Western name brand goods. Yet they're allowed to do business on those platforms.

Counterfeiting American brands is a $600 billion a year industry. Unless forced by the federal government, Amazon and eBay are never going to relinquish their share of the profits from illegal goods.

Forcing American consumers to settle for junk quality rip offs by mandating a 'buyer beware' ethos is another step in America becoming a real life Idiocracy.
 

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SDET

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So it is their "marketplace" that allows outside businesses to list on their site? How is that their fault? How have they condoned any of it? Facebook has done far worse and got away with it. Here's the whole quote from your link...

The rise of e-commerce sites like Amazon and eBay have essentially helped created millions of such stores online—a seemingly infinite number of doors to knock on to check for fakes. Shut down one storefront for selling counterfeits, and the seller can just create a new account and open a new store.

That sounds like it is a problem with e-commerce not Amazon. The internet has brought new meaning to the words "buyer beware". What do you think amazon can do about that? Don't buy from Ebay or Amazon marketplace sellers and you will be fine. No one has accused the Amazon company of purposely selling counterfeit merchandise. Your post is misleading

Sadly, such practices have destroyed the market for things like Depressionware and Jewel Tea. What was once a celebration of Americana is now the despair of possibly buying a knock-off. As a result, the authentic items have lost most of their value.

https://en.wikipedia.org/wiki/Depression_glass
 

iguanaman

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Sadly, such practices have destroyed the market for things like Depressionware and Jewel Tea. What was once a celebration of Americana is now the despair of possibly buying a knock-off. As a result, the authentic items have lost most of their value.

https://en.wikipedia.org/wiki/Depression_glass

Boo hoo you can't waste your money on old junk anymore. I'm not impressed. The Chinese have remade just about every Lionel Train ever made too but American companies are selling them for profit so why is it China's fault?
 

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Sadly, such practices have destroyed the market for things like Depressionware and Jewel Tea. What was once a celebration of Americana is now the despair of possibly buying a knock-off. As a result, the authentic items have lost most of their value.

https://en.wikipedia.org/wiki/Depression_glass

Destroying the vintage/antiques market is another reality of Chinese counterfeiting.
 

truthatallcost

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Boo hoo you can't waste your money on old junk anymore. I'm not impressed. The Chinese have remade just about every Lionel Train ever made too but American companies are selling them for profit so why is it China's fault?

I'd like to take just a second to acknowledge the ridiculousness of what's happened in America. Liberals were once strong advocates for American workers, even to the point of idolizing the communist party state in the USSR. Now liberals seem to say **** American workers and **** owning quality possessions.

'Buy Chinese, Work for Peanuts' is the modern DNC slogan for America.
 

SDET

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Destroying the vintage/antiques market is another reality of Chinese counterfeiting.

Even when it is presented as a knock-off, it's still sad. How do you like this? Did you grow up hoping to one day own the real thing?

https://www.ebay.com/itm/1916-US-Dollar-Standing-Liberty-Quarter-FREE-SHIPPING/153302096678

$10.99 ... What was special, is now junk.
s-l1600.png
 
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The funny thing about Sears? They were the Mother of mail-order business models.

https://www.britannica.com/topic/Sears-Roebuck-and-Company

Now that niche has been taken over by Amazon, using the internet to merchandise. Sears sure missed the bus on that one.


I remember Sears Catalogs. My grandmother used to get them every year (if I remember correctly, the huge ones at Christmas were called "Wish Books") - and she'd let us go through the catalog and pick whatever we wanted out of there. We would spend hours poring over those toys, trying to decide which one to get. Come to think of it - that thing was the best babysitter she could have gotten.
 
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