Jcpenney Company Analysis Essay examples

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|JC Penney Case Analysis | | | |Strategic Management Graduate School of Management | |Southern Nazarene University | | | |4/27/2009 | | | |Sharis Atkins…show more content…
As of January 30, 2009, the Company had cash and short-term investments of $1.9 billion and long-term debt of $3.7 billion, including current maturities of approximately $200 million. Capital expenditures for the first quarter were $269 million, in line with expectations, with the majority of spending related to the construction of new stores and the renovation of existing stores. Merchandise inventories ended the quarter at $3.7 billion, reflecting increases associated with 54 new stores opened since last year’s first quarter. Physical & Organizational The organizations chain of about 1,090 JC Penney department stores in the US and Puerto Rico has found itself squeezed between upscale competitors and major discounters. With approximately 155,000 associates nationwide, JC Penney created a winning together culture with a customer-focused team of engaged professionals who reflect the diverse communities we serve. We offer style and quality at smart prices, providing a selection of good/better/best merchandise that reflects the lifestyles of our customers. Spanning family apparel, home furnishings, fine jewelry, footwear, accessories and beauty, customers can choose from an array of merchandise available across our three integrated shopping channels: stores, and catalog. JC Penney created the JC Penney Afterschool Fund, a charitable organization committed to

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