J.C. Penney plans consolidation, up to 200 layoffs
12:18 AM CST on Thursday, January 31, 2008
In today’s Wall Street Journal article, Myron Ullman, Chairman of JC Penney provides excellent insight into today’s retail climate. He also provides clues for any retailer striving to not only survive, but thrive in the months and years to come. He’s done a masterful job, in my opinion, converting a once-stodgy and irrelevant retailer into a successful multi-channel retail force. Unlike many retailers, he is directing prudent belt-tightening that does not impact the long term growth strategies based on innovation and relevance for today’s (and tomorrow’s) consumer. Well done!
Mike Osorio, your Dare to be Contagious! ™ strategist
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