Attention JC Penney Shoppers, Look Out for the Return of ‘Sales Galore’
After months of abysmal sales tallies, the Ron Johnson era is over at JC Penney. Now that Johnson’s “fair and square” no-coupons pricing policies have proved to be a failure, the department store will have to try something else to win back customers and stop the bleeding. But what? Mike Ullman, who was replaced as CEO when Johnson took over at JC Penney in 2011, and who began serving again as top executive when Johnson was pushed out, told the Wall Street Journal that he wasn’t planning on reverting to the old business model. “I wouldn’t recommend that we go back to the way J.C. Penney was when I left,” he said. “Things change.” And yet, in some ways the department store is clearly trying to resemble the JC Penney of old. Management has already announced that newspaper ads will feature coupons once again. Johnson seemed to find coupon usage distasteful and silly, likening it to a drug that consumers needed to be weaned off. A little over a year after JC Penney went “drug-free,” ...
John Shinal's Tech Investor: Apple-China showdown: A test case for both sides
Apple Inc. Chief Executive Tim Cook’s public apology over the company’s warranty policies in China may or may not be enough to stop the recent harsh attacks on the company in that country’s state-run media.
Caixin Online: What’s behind Apple’s China issues: three views
Apple apologizes to Chinese consumers about its warranty policies, but debate over its impact on Apple and its operations in China continues. Caixin Online reports that some market observers and analysts offer their views on Apple’s business in the world’s second-largest economy.
Apple issues apology following attacks in China
BEIJING -- Apple issued an apology to Chinese consumers Monday after government media attacked its repair policies for two weeks in a campaign that reeked of economic nationalism....
Popularity helps buffer Apple from Chinese state-media attacks
SHANGHAI - Chinese Internet users are crying foul over the perceived unfair treatment doled out to Apple Inc by state-run media which has actively criticized the smartphone maker for the past two weeks over its warranty policy.
Found 1 month ago on channel Reuters