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Will Wall Street Buy J.C. Penney's New Game Plan?

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  • Description

    FBN's Charles Payne weighs in on J.C. Penney.

  • Duration 2:40
  • Date

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This transcript is automatically generated

The -- we -- for.

That Saturday that makes money with jobs -- mean this time he has a department store that's -- one while it.

Maniac.

I'm not sure I'm start.

With a caveat hot hot hot -- Recommending this but I wanted to share the story with -- because on the upside -- these stage you know Jason -- yet because remember JC Penney and it's got Ron Johnson came over.

-- and I Julia season I mean.

Conquering hero.

He crossed the rubicon the fire -- we got rid of commissions to get rid of middle management he -- -- ad agency -- you know what we're never gonna use the word sale again the stock exploded from 32 to 43.

And then -- that yeah.

Because you can tell the American public but we're never gonna have a cell -- probably don't want that -- -- -- -- partly it's that.

The problem because trainer don't -- never -- their stuff on sale and that works brilliantly the problem we JC Penney is and this is degree from me.

Female retail perspective now I won't want to have serve you gave me money to go through what I want to he doesn't like the productivity front are those -- the -- -- set out okay.

Europe insists it didn't really as bad I mean that's a few notches away from Neil blue light special I yeah.

Everybody has a thing though there's new news coming out this the next brainchild guys are gonna have a lot of stores within the store.

Like right now they're gonna have Liz Claiborne which by the -- so probably that -- each date through weighted name intent the company into DC good -- didn't name them JC Penney.

Odds -- that's -- lesson in either answered.

JCP that goes to some the other concept of the original Arizona Jean company yep I -- by buffalo can we -- -- -- those have been men don't -- is that its support support which we do know.

So this is what the next game plan is guys are gonna have a big department store of many stores with in the store and they say will forever change the way America shops.

I'm not sure I don't think the -- out Wall Street still kind of given this guy Ron Johnson gonna probably that would since they came from apple he created the we're how all the -- imperial announcement on the gonna get rid of all the cashier's every single cancer by 24 other -- -- itself so -- -- -- I think discount and -- -- -- -- -- -- -- of that happening back.

-- -- -- With -- this upset him you know what I -- work that -- Home Depot but the non of the wanna do -- that -- began this and a lot of work to do -- -- -- daughters out fantastic story guys that are relatively slow day.

And they did bring back towards -- There you go yet finally bet that that -- reported across the river kites and have a few victories with yeah -- -- -- the era and its -- Saturday -- every fifteen minutes we get.

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