Marvin Ellison

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Last quote by Marvin Ellison

We continue to improve and strategically adjust our apparel categories with an emphasis on fixing our women's apparel business. In the past, J.C. Penney has been over-assorted in traditional women's clothing and under-assorted in casual and contemporary women's clothing. … The first step in converting women's apparel to a more casual environment was to increase our penetration in activewear. One of the key reasons why this business has been under so much pressure at J.C. Penney is because we were slow to react to the changing trends and how women dress and what they're looking for.feedback
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We found 19 articles in which Marvin Ellison said something. The most recent Marvin Ellison’s quote is: “So we're deemphasizing or reducing... penetration of more traditional clothing and will be more aggressive in going after more casual and contemporary.”. In addition, all sources we refer have quoted Marvin Ellison 28 times. On this page, you will find all of Marvin Ellison’s quotes organized by date and topic.
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Marvin Ellison quotes

Mar 10 2017

It would take me a decade just to get the level of manufacturing capacity where we need it to serve the needs of our consumers. We'd have to renegotiate cost. We'd have to look at the factories and the suppliers we use in different locations. We'd have to look at design structure – we call it design to value. So there are a lot of things we'd have to do, but none of those things would benefit the consumer directly because we'd still have to raise prices. I can't take out 20 percent cost without cheapening the goods and we're not going to sell goods at that poor quality.feedback

Mar 10 2017

But if I can control the first cost and maybe there's something we can do to adjust the pricing structure to try to alleviate some of the cost without taking it to the consumer. So we think it gives us a complex problem to solve but I don't think it's a death blow to J.C. Penney.feedback

Mar 09 2017

It's a $300 billion market that we believe we have the opportunity to pick up some significant market share.feedback

Feb 24 2017

Maintaining a large store base gives us a competitive advantage in the evolving retail landscape.feedback

Feb 24 2017

We spent time with senators and members of the house giving them our concerns about how it will be a regressive tax and how it will hurt those consumers who have lower incomes the most. They asked questions, there are lots of options on the table. This is not a foregone conclusion that this is legislation that will be passed.feedback

Feb 24 2017

[Trump] listened, he asked questions. We posed questions back to him. He didn't give us an indication about where he stood on the proposals. There's no straw poll that has been done. But we are pleased with the questions being asked and the high degree of concern about the impact on consumers. We feel very confident that we have enough members of Congress that understand our concerns.feedback

Feb 24 2017

We are hopeful that we can convince the members of the House that there's a better way to get to tax reform.feedback

Feb 24 2017

We share over 400 malls with a struggling retailer that was once dominant in this category.feedback

Feb 24 2017

We believe closing stores will allow us to adjust our business to effectively compete against the growth threat of online retailers. During the year, it became evident the stores that could fully execute the company's growth initiatives of beauty, home refresh and special sizes generated significantly higher sales, and a more vibrant in-store shopping environment.feedback

Dec 01 2016

Sephora has allowed us to expand our product offering by introducing new compelling industry-leading prestige brands into our assortment.feedback

Nov 11 2016

We are excited about the initiatives we have in place to drive incremental growth during the holiday season with our increased appliance penetration, new Sephora locations, free same-day pickup for online orders, a strong cadence of promotional events and our new lowest price guarantee.feedback

Aug 17 2016

In the US, 100,000 appliances break every day, so customers will always need appliances. The appliance market is expected to grow at 30 percent over the next three years. There's not many retail categories that have that type of growth predictions or trajectory over the next three years.feedback

Aug 17 2016

We have a couple of huge initiatives that we believe will be net positive, not only for the fall season, but for the next three years.feedback

Jun 15 2016

The consumer's in really positive shape from a financial standpoint.feedback

May 13 2016

Our over-reliance on apparel hurt us in times during the first quarter when weather patterns were not conducive to apparel sales.feedback

May 13 2016

We're listening. We're addressing those customer needs.feedback

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