Im disappointed that the new JCP pricing strategy wasn't given a bit more time to develop, and that the 'reinvention' of JC Penney wasn't given enough of a chance:
"In the latest sign of turbulent times at J.C. Penney Co., the department store chain said Michael Francis, the former Target Corp. executive brought in to help redefine the brand, is leaving the company.
In a terse statement, J.C. Penney gave no reason for Francis' immediate departure, effective Monday.
"We thank Michael for his hard work at J.C. Penney and wish him the best in his future endeavors," said Chief Executive Ron Johnson, a former Apple Inc. executive who came on board in November and is trying to transform the chain from a retail has-been to retail darling.
The move comes as Penney is scrambling to reverse a sharp drop in customer counts and sales after a new pricing plan that eliminates hundreds of sales events confused customers."
from: http://www.latimes.com/busines.....3685.story
I stopped shopping at JC Penney because of their weird coupons - the ones that didn't take effect until 3pm or were only valid until 1pm ...drove me nuts. Sure, I like a coupon...but not timed coupons!
