Act 504 Jc Penny

In: Business and Management

Submitted By Austin22
Words 42153
Pages 169
Table of Contents

Washington, D. C. 20549


For the fiscal year ended January 29, 2011 or ¨|TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934|
For the transition period from to
Commission file number 001-15274

(Exact name of registrant as specified in its charter) | | |
Delaware| |26-0037077|
(State or other jurisdiction ofincorporation or organization)| |(I.R.S. EmployerIdentification No.)|
6501 Legacy Drive, Plano, Texas 75024-3698
(Address of principal executive offices)
(Zip Code)
(972) 431-1000
(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act: | | |
Title of each class| |Name of each exchange on which registered|
Common Stock of 50 cents par value| |New York Stock Exchange|
Preferred Stock Purchase Rights| |New York Stock Exchange|
Securities registered pursuant to section 12(g) of the Act:
(Title of class)

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes x No ¨
Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Act. Yes ¨ No x
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x No ¨
Indicate by check mark whether the…...

Similar Documents

Financial Statements Target vs Jc Penny

...Target vs JC Penny Financial Statements Salencia Johnson Finance 350 01/19/2013 The two companies that I will compare are Target and JC Penny. When most people think of target they think of a large retail store where you are able to purchase a variety of things anywhere from home goods and décor, clothing for your family to groceries at a discounted rate. All of those things are true however those are not the only things that generate revenue for the company. Target also has a credit card segment which offers credit cards to qualified guest through their branded proprietary credit cards, the target visa and the target card. Additionally they offer a proprietary branded Target debit card. Together those different cards create a bond between the guests driving sales and contribute to the results of operations. Target’s key to their ongoing success is effective inventory management. Target utilizes various techniques such as demand forecasting and planning and various forms of replenishment management. Target achieves effective inventory management by being in-stock in core product offerings, maintaining a positive vending relationships and carefully planning inventory levels for seasonal and apparel items to minimize markdowns. In the retail segment target’s competition is with traditional and off-price general merchandise retailers, internet retailers, wholesale clubs, category specific retailers, drug stores, supermarkets and other forms of retail......

Words: 742 - Pages: 3

Jc Penny

...JC Penny On April 14, 1902 James Cash Penney the founder and two partners opened the Golden Rule dry-goods store in the small town of Kenner, Wyoming. In 1907 Penney bought out his original partners and took on new ones, beginning with Earl Corder Sams. When the firm was incorporated on January 17, 1913 as JC Penny Stores Company, there were 34 stores in the American West. Penney then moved the company’s main headquarters to New York. Today Penny’s is engaged in marketing apparel, home furnishings, jewelry, cosmetics, and cookware. With all those things and for many years JC Penny has been a great retail store to buy your home goods. And in recent events there has been many bad decisions that have brought Penny’s into a financial bad place. Bring in Ron Johnson, not communicating with their strategy, and not having a good strategy plan. JC Penny former CEO Ron Johnson went bold on his attempted rescue of the fading retailer, but his top to bottom makeover failed. After successful plans at Target, it seemed Ron Johnson could do no wrong. But the winning streak came to a well-publicized end during his two year run as CEO of JC Penny, when everything he tried seemed to backfire. During that time sales one year fell 25 percent, resulting in a net loss of $985 million, when Johnson took over Penny’s 50 to 70 percent of all sales were at discounted prices. The problem that high low pricing cause are huge. The customer like the merchandise, but do not like the price, and......

Words: 772 - Pages: 4

Jc Penny (Assignment)

...Project Human Resource Management includes the processes required to make the most effective use of the people involved with the project. It includes all the project stakeholders – sponsors, customers, partners, individual contributors and others.” (Project Management Institute, 2013, p.107). J.C.Penney needs new blood, new ideas, new strategies and new approach to the customers. For this reason, changing the team of top executives is considered as part of solution. Such action refreshes the stagnant management culture of J.C.Penney. However, connections, social networks and reputation of old leaders also should be kept in mind. Retaining few old ones may eliminate the risk of resistance for change among the employees. New CEO will gain trust based on his initiative and plan for change. Employees will become less concerned about the future and communicate better with leaders. (Jacob, D.L., 2013) Organizational planning is an important part of HRM. Therefore, it will be wise to identify, document and assign project roles, responsibilities, and reporting relationships to each member of management and their immediate subordinates. HR department must consider the possible consequences of the new pricing strategies. Marginalization and demoralization of mid-level employees is one of the potential negative consequences. Management must apply best practices to demonstrate the appreciation for employees efforts since they will have to re-tag millions of items with each coming......

Words: 352 - Pages: 2

Death of the Penny

...cent coin, the penny. A small value coin almost worthless to the world of goods, but rings up a price when producing one. It costs twice as much as itself to make, and four billion of them are created a year. The US government dances around this problem and should have eliminate them back in 2006 when people were melting the copper and selling it for profit. This paper states several topics of why the penny only causes harm to US citizens and the economy. The obvious solution to fix a problem like this, simply abolish the penny as US currency, and round all cash transactions to the nearest fifth cent. Death of the Penny: The Elimination of America’s One Cent Coin and its Impact on The United States Economy “I will seriously consider eliminating the penny as long as we find another place for Lincoln to land,” the support of abolishing the penny from the most powerful man in America; President, Barack Obama. For over a hundred years people have paid for everyday goods with change, or coins. As inflation in the America rises, the value of coins diminishes. (Inflation Figures). Take the penny for example; commonly known as the copper coin has hardly any copper to it. Created with ninety-seven percent zinc and only two and a half percent copper, the penny doesn’t truly stand up to its expectations. Based on the 2011 Annual Report for US Mints, the cost to make a single penny runs around 2.41 cents. Studies have shown if the penny may be......

Words: 3726 - Pages: 15

Jc Penny

...JC Penney is large retail chain in the US. The company sells everything from clothing to furniture. According to Data Manager (2010), the company employs about 154,000 people. Now with the help of technology, JC Penney also has a fully functioning website. A good leadership team for this store has to be able to understand the customers and the employees. Everything that a leader expects from their team they have to also meet the same standards. The leader must also pay attention to the competition. If another known retail store, that sells the same products as JC Penney, has a holiday or weekend sale, JC Penney may have to come up with a similar sale to make sure that stay in completion with the other stores. Good leaders are able to guide people so that the organization can become more effective in meeting its goals that they planned for. JC Penney is not a global retail store so they are mostly only affected by the U.S. economy. As the economy weakens, consumers are less inclined to shop for retail items so it is likely that JC Penney and other retail stores have experienced a decrease in sales and profits. The leader or leaders should be encouraging their employs to come up with more innovative ideas to increase merchandise sales and stay positive until the economy begins to thrive again. The leadership should make themselves known throughout the company also, visiting stores, getting to know some of their employees and regional managers. The......

Words: 319 - Pages: 2

Jc Penny Industry Analysis

...MYCORP MYCORP T Executive Summary Similar to any emerging technology, innovators struggle in persuading typical consumers to adopt their products or services. MyCorp is facing a difficulty in winning any significant share of the television consumer market. Their inaccurate positioning and targeting strategies are the main reasons for this undesired 0.04% market penetration. MyCorp needs to take into account the consumer’s hard-coded habit of watching television and how they used to do in the past decades. The current positioning strategy is effectively targeting the early adopters, but is not as effective with the early majority segment of the market. Since MyCorp has proven to be a technological success, MyCorp can influence their consumer’s perception by vividly visualizing the benefits of their product. MyCorp needs to reposition their product closer to people’s eyes and easier on their pockets. MyCorp should strategically partner with cable and satellite providers to streamline their product. “Program your own network” Besides the idea that consumers are not ready to believe that they can program a TV network themselves, the proposed positioning tagline also undermines TV network providers. The proposed commercial with a Network Executive thrown out of the window could also be perceived as offensive to network providers. For such a revolutionary product to win the mass market, consumers need to experience MyCorp in action. MyCorp puts the programs under the......

Words: 679 - Pages: 3

Penny Power

...THE POWER OF THE PENNY Only in America, with its epidemic commercialism has consumerism risen to the echelons of the ridiculous and bizarre. Bargain hunting is ubiquitous, seen in its many forms and transmutations: couponing, run deals, clearance blasts. You name it- we are running for it. The constant revolving door of new merchandise in stores being marked down to clearance has resulted into what I call the “Penny Phenomena.” Clearance gets clearanced and an overwhelming push for new inventory created a wormhole straight thru Shopper’s Paradise. Thanks to a beautifully flawed pricing system where merchandise automatically goes through a series of markdowns, all the way down to the lowest decimal known to man- a penny. But c’mon, 1 cent!? Where will that take you? It used to be and always- nowhere. No one in proper headspace would think you can go far with a penny or a bunch of pennies jingling in your pocket. But go ahead, type in #pennyfinds, #pennyhunting, #pennydeals on Instagram and you will be taken to a nether space in the universe full of amazing, whowudathunk deals. The purchasing power of a singular coin has marked the online collective consciousness and “pennyhunters” boast of a ludicrous following on social media. We’re not talking about cheap crap either. $200 designer shoes for a penny! Ding! A Rag & Bone sweater that retails for $350 for a penny? Ding, ding! A Dyson vacuum for $0.01 cents? Ding, ding, ding! Toys, clothes, shoes, jewelry, appliances, home...

Words: 629 - Pages: 3

History of Jc Penney and Target

...Analysis and Comparison: JC Penney (JCP) and Target (TGT) Becky Kennedy FINC 350 A Professor Mason February 1, 2015 JC Penney and Target are a huge presence in the retail industry. Both companies specialize in the sale of merchandise and service to consumers through retail stores and e-commerce. Target and JC Penney are companies that are part of an industry known for its competitiveness and few barriers to entry. They compete with other local, national and regional retailers for resources such as customers, employees, locations, merchandise, and other aspects of the retail business. Both companies have stores at several locations throughout the United States, with both company’s operating results depending on their ability to predict and respond to changes in trends and customer preferences by providing consumers with quality merchandise at competitive prices. Both companies face the same kinds of risks. The answers are in the way they are managed. The retail industry is risky with Target and JC Penney both struggling with issues resulting in lost revenue. Risks faced by companies in the retail industry most likely include competition, marketing, branding, employee/customer retention, supply chain management, financial management, data management and much more. Target suffered from a data breach at the end of 2013 that proved to be costly and they are still subject to investigations and private litigations costing them millions of dollars. JC Penney has suffered......

Words: 1109 - Pages: 5


...Running Head: Pennies from Heaven 1 Case Study 25: Pennies from Heaven By Tiffany Moore Dr.Heather. PSL5002 Capella University Running Head : Pennies from Heaven 2 A Medicaid spend down is a portion of health coverage that an individual must pay for before Medicaid coverage begins. The exact amount of the “spend down” varies depending on the state in which you live, medical bills you have each month and other factors such as a bingo winning. Individuals who receive any portion of their income from Supplemental Security Income through Social Security are not required to pay a “spend down” for Medicaid (, 2014). In my essay I will be rendering an synopsize of the Pennies for Heaven Case Study. To include identifying the leader, the issue he faces, and what I believe to be the cause of the issue and evaluating how effective this leader is in the ability to build relationships within the organization; to encompass how well the leader manages professional responsibilities and priorities and how well this leader communicates and resolve the issues. In the case study Pennies from Heaven Patrick Ulmer who would be the new Director of the state Department of Health and Human Services in two more weeks had been recruited from out of state and just arrived to meet with the governor and other cabinet members. Around lunchtime he sat next man named Henry Walsh, who......

Words: 1150 - Pages: 5

Jc Penny Case Study

...The first problem we discovered is 80/20 which is 80% of your sales or profit comes from 20% of your customers, and JCP losing loyal customers because of “Fair and Square” pricing strategy. The next big problem we found was the lack of market research, JCP did not conduct proper market research. Much blame put on the marketing execution and the customers reliance on price promotions. Johnson believed JCP will end up successful like Apple where he worked previously and targets new pricing strategy. Having Ellen DeGeneres as a spokeswoman shortly after her ad aired a conservative Christian group took offense to her homosexuality and viewed it as problematic for the brands image and the traditional family demographic. Integrated Communication is another problem that JCP faced because they failed to clearly communicate their new pricing strategy with their customers. The new “Fair and Square” ads were reminiscent of targets award-winning ads, these ads failed because only 16% associated “Best Price” with JCP. Failed to communicate their three tier prices “everyday”, “Month Long Value”, and “Best Price Friday”. And also ended odd end pricing and the consumer didn’t understand why. Finally they had promotional problems, they eliminated what made JCP loved and differentiated from its competitors such as Cash coupons, Redzone clearance aisles and doorbuster sales and Black Friday sales. Which everyone knows that brings in the demographic that JCP has relied on for......

Words: 320 - Pages: 2

Jc Penny

...Tim Pruitt In the fall of 2011 Ron Johnson was appointed CEO of JC Penney and also the savior responsible for breathing new life into one of the oldest American retail stores. Seventeen months later and many, many mistakes later, he was out of a job (Tuttle, 2013). You may ask why? The answer to that question is simple in a way, sales for JC Penney were decreasing and the weak sales cost JcPenney to exit the catalog business and close 19 of its catalog outlet stores. An additional seven stores, two call centers, and one customer decorating facility were closed as well (Heller, 2011). Johnson came out the corner swinging in the early 2012, he announced a major overhaul of the way JCPenney does business with a new “fair and square” everyday low pricing scheme to replace the “fake prices.” (Tuttle, 2013) The idea seems great but that wasn’t what the customers/consumers wanted. Yes, it seems realistic with all the fuss over “fake prices,” but the data didn’t come back successful at all. The first quarter after the installment of “Fair and Square,” sales declined 18.9 percent. Total sales decreased 20.1%, and Internet sales through were $271 million in the first quarter, a 27.9% decrease from last year. Overall the store reported they lost $163 million net loss in the quarter (Tuttle, 2012). The idea made logical sense, but shoppers aren’t logical. They’re often drawn to stores not by promising low prices but by the chances of catching a deal with coupons or......

Words: 591 - Pages: 3

Jc Penney - Free Term Papers, Essays and Research Documents The Research Paper Factory JoinSearchBrowseSaved Papers Home Page » Business and Management Jc Penney In: Business and Management Jc Penney 1. I feel J.C. Penney’s strategy is to do with away constant “sales” and have every day lower prices. I also feel that Penney’s will favor the promotion of brand names and doing away with in-house labels. 2. Yes I think Penney’s has a good strategy for growth. The new CEO Ron Johnson is providing direction and encouraging new ideas. By using the “apple” model for Penney’s he is incorporating new ideas. Mr. Johnson is trying to develop a competitive advantage by changing the way Penney’s does business. His ideas are innovative and are being responsive to customers. Finally by offering brand names he is promoting quality over cheaper in-house labels. 3. Ron Johnson has established the mission and vision with his vision on how Penney’s needs to change to become competitive. He has established the grand strategy by assessing Penney’s current performance and lays out the game plan on how the mission will be accomplished. Mr. Johnson has clearly formulated his strategy by analyzing Penney’s internal problems along with the problems they have are facing from their competitors. Penney’s is currently n the strategy implementation part of the process this will take much investment but cost cutting and the elimination of sales......

Words: 526 - Pages: 3

Jc Penney

...Author Note: This paper was prepared for Managing Organizational Change HRM 410 Table of Contents Introduction 3 Background 5 Reason for Change and Change Diagnosis 6 The Success in Change 7 The Undoing of the Successful Change 8 References 11 Introduction JC Penney was a thriving retailer business that played on consumer’s emotions and made a consumer feel proud of themselves. JC Penney as a retailer created a buzz about themselves with their pricing strategy and coupons that they offered to their consumers. Consumers often discuss the sales and the great price of a sale of items amongst themselves. This was definitely a strength for this retailer. JC Penney was also a great place to shop for big and tall in a concrete building and store, not a catalog that was another appeal to their consumers. J.C. Penney was using a decentralized system of purchasing merchandise and inventory while other companies began to use centralize systems. To centralize the buying activities and revamp the stores, funds were needed. Funds were raised through the sale of JCP’s Direct Marketing Services, which sold insurance and travel and auto club programs. It led to a significant improvement of cash flow. The company then began to close down 120 of outlet stores that were under performing and sold its interest Eckerd drugstore chain to improve an influx of cash flow. J. C. Penney lost its edge over its competitor and started to lose money in the 1990’s and their......

Words: 2601 - Pages: 11

Jc Penny

...Right after Johnson hold the position as CEO of J.C. Penney, he was not afraid to express his intention to make a dramatic change to the company. There were too many changes that even its employees and customers couldn’t follow. 1. New logo, having new logo after using the old one for long time can be somewhat refreshing and appealing for new customer generation. However what J.C Penney did was changing it three times within three year. This led to brand confusion. 2. New brand spokeperson. J.C Penney hired Ellen DeGeneres as new spokeperson, while it created the positive view that showed support to LGBT group. They may forget that one of their main customer bases are women who mostly were moms who majority are very conservative. By changing new spokeperson it created a controversy among its customers, something that J.C. Penney should be more careful about at the time of shrinking of their revenue. 3. Johnson tried to change J.C. Penney to become a place people love to come-just to come. He thought that people would show up on stores because they were fun places to hang out and that would create opportunity for them to buy things at J.C. Penney. However this totally change the perception of the brand in the eye of customer. Because originally J.C. Penney was viewed as the place that kids or teenagers would go with their mom to buy stuff, not the place to hangout with friends. This sort created the confusion among its main customers. Middle ages customer......

Words: 618 - Pages: 3

Jc Penney Versus Harley

...Corporate Strategy Benchmarking Composition By Kelli Schroeder I chose JC Penny and Harley Davidson as my two companies to research for this assignment. JC Penney was founded in 1902 with the opening of its first stores along the west coast in small mining towns. It was popular because it brought goods at “one fair price” and also led the way to bring east coast fashions to the west. In 1963 JC Penney mailed the first catalogs out to customers in eight states and paved the way for the mail order business. What made this company strong, fashion at a fair price, was lost among the plethora of items from cookware to scarves that they now sold by mail, and later in stores. ("International directory of," 199) The early nineties brought struggles of competition with lower end stores like Wal-Mart and midrange stores such as Kohl’s. JC Penney found their merchandise had become diverse like Wal-Mart; however, their prices were higher like their competing boutique stores. Product value was perceived by consumers to be suffering. Profits for the more than 1200 stores fell two percent in only one year, leading JC Penney in have the worst performance of its peers in 2011. (Clifford, 2012) Harley Davidson has also struggled with the same issue of losing itself amongst fierce competition and diversification. Harley-Davidson began in a shed in 1903 by two brothers who set out to make the best American made motorcycles that money could buy. As Harley-Davidson became more......

Words: 956 - Pages: 4

Voice Changer - Funny sound effects Pro APK | Development of Personal Computers - 2518 Words | Miles Brown