Thanks Barack… 2,200 Laid Off From J.C. Penney Stores

It’s an Obama world.
jcp loss
In this Friday, Nov. 23, 2012, file photo, a shopper drags her purchases past a line of customers waiting to pay at a J.C. Penney store, in Las Vegas. The mid-priced department store chain on Wednesday, Feb. 26. 2013. reported another much larger-than-expected loss in the fiscal fourth quarter and a nearly 30 percent plunge in revenue in the latest sign that shoppers aren’t happy with the changes it’s made in the past year. (AP)

J.C. Penney Co. announced today that it had laid off around 2,200 employees at 100 stores and offices.
The Chicago Tribune reported:

J.C. Penney Co. said it has recently laid off about 2,200 employees at 100 of its stores and district offices, the latest move by the struggling department store operator to contain costs as it contends with deep sales declines.

Penney last week reported sales had fallen 25 percent in the first year of Chief Executive Ron Johnson’s strategy of refashioning Penney stores into collections of branded boutiques and getting rid of hundreds of sales events and coupons.

Johnson, who has started reversing that strategy, told a New York court last week that the retailer had laid off 19,000 workers to that point.

The latest job cuts were concentrated in about 100 stores where sales fell the most and back office positions. A Penney spokeswoman said none of the cuts affected staff who deal with customers.

“We wanted to ensure that these reductions do not compromise the level of customer service provided in stores,” spokeswoman Daphne Avila said in an email.

Hat Tip Mara

Dear Reader - The enemies of freedom are choking off the Gateway Pundit from the resources we need to bring you the truth. Since many asked for it, we now have a way for you to support The Gateway Pundit directly - and get ad-reduced access. Plus, there are goodies like a special Gateway Pundit coffee mug for supporters at a higher level. You can see all the options by clicking here - thank you for your support!
Photo of author
Jim Hoft is the founder and editor of The Gateway Pundit, one of the top conservative news outlets in America. Jim was awarded the Reed Irvine Accuracy in Media Award in 2013 and is the proud recipient of the Breitbart Award for Excellence in Online Journalism from the Americans for Prosperity Foundation in May 2016. In 2023, The Gateway Pundit received the Most Trusted Print Media Award at the American Liberty Awards.

You can email Jim Hoft here, and read more of Jim Hoft's articles here.


Thanks for sharing!