There is a lot of rhetoric about keeping consumers safe online, preventing identity theft, preventing credit card fraud, etc. But what about businesses? Few people other than merchants realize that when there is credit card fraud, the business is the one who has to “eat it”.
I believe the new pricing strategy, hiring Ron Johnson as CEO and bringing on Ellen DeGeneres as spokeswoman are all very good moves by JCP. In fact, I am so confident that I bought some of their stock yesterday. I am excited to see where the company goes from here.