Will J.C. Penney Company, Inc. (JCP) Get Its Buzz Back?

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HFA Staff
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Ron Johnson’s abortive strategy to replace coupons with everyday low prices, and remodeling stores to be more ‘cool,’ probably inspired by Apple Inc. (NASDAQ:AAPL)’s stores, only succeeded in driving away business, particularly from ‘core’ J.C. Penney Company, Inc. (NYSE:JCP) customers. J.C. Penney vs Apple Stores A recent article in Forbes highlighted a crucial difference between Apple Inc. (NASDAQ:AAPL) and J.C. Penney Company, Inc. (NYSE:JCP) stores. Apple Inc. (NASDAQ:AAPL)’s stores have a major advantage: the hype surrounding the company’s unique and innovative products have customers beating a path to the nearest Apple store in droves. But J.C. Penney’s merchandise has no such…

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The post above is drafted by the collaboration of the Hedge Fund Alpha Team.