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,” ...
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State Street’s MPF involvement a positive move for retirees
Frank Henze, Asia Pacific head of ETFs at State Street Global Advisors, gives Asia Asset Management an update on how the region’s ETF market is shaping up.
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Wall Street questions Oracle's strategy after weak Q3 sales
SAN FRANCISCO - Oracle's severe miss in quarterly sales, dismissed by management as a blip, amplified questions on Wall Street about the business-software giant's diminishing clout in an industry moving rapidly toward cheaper Internet-based rivals.
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Found 1 month ago on channel
Reuters
U.S. regulator downgrades JPMorgan management rating : WSJ
A key U.S. bank regulator has called for improvement in the management of JPMorgan Chase & Co on concerns linked to the multi-billion dollar "London Whale" trading loss last year, the Wall Street Journal reported, citing knowledgeable sources.
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Found 1 month ago on channel
Reuters
J.P. Morgan Bosses Hit by Bank Regulator
J.P. Morgan was downgraded in a confidential government scorecard over concerns about the company's management and its board, a blow to a firm that has long been considered one of the best-run on Wall Street.
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