JCPenney Is Quietly Firing More Store Employees After A 'Secret Broadcast'

[SoCalDem]

22. JCP forgot what they were..

They were always an alternative..a lower cost alternative to the higher priced department stores.

They were the gap between the discount stores, and the upper crusty stores.

They were replaced by Target/Kmart

When Mainstreet was the marketplace Sears/Wards/Penneys were the places where ordinary folks shopped. People in the outlying areas could use the catalog feature to shop at home (now we go online). Locals could browse the stores.

These days there is really no "need" for middle/lower priced department stores. Everybody has everything these days and there are outlets & TJMaxx style stores everywhere.

Wards bellied up, and Sears partnered with Kmart (lowering standards that were on their way down already), and now JCP is nearing the end of its useful life-cycle..

In the "olden days" ordinary people could get credit from Sears/Wards/Penneys when no one else would issue them credit.. Now 18 yr old kids & aged seniors with little or no income can get a credit card that's usable anywhere..

It;s just the end of their "life".