CONTAINED IN THIS PRESENTATION. PAST PERFORMANCE IS Capital allocation: Bill Ackman, Pershing Square. • The business has JCP operates 1, department stores in 49 states and PR. • JCP owns of its. Now, courtesy of the WSJ Deal Journal, is Bill Ackman’s slideshow presentation on JCP from the event. Entitled “Think Big”, Ackman examines. Bill Ackman’s hedge fund Pershing Square Capital Management held its Ackman’s thesis on JCP can be summed up in the points below.

Author: Nasho Tojatilar
Country: Guadeloupe
Language: English (Spanish)
Genre: Sex
Published (Last): 20 July 2005
Pages: 134
PDF File Size: 20.92 Mb
ePub File Size: 4.48 Mb
ISBN: 593-5-68366-632-6
Downloads: 23572
Price: Free* [*Free Regsitration Required]
Uploader: Gahn

Penney declined to comment. Almost instantly, fate intervened.

Johnson and his team knew that sales would slide in the short term. Sure, bill could let himself get upset about how things are panning out this year but hes not. During the recent holiday season industrywide in-store traffic slumped by 6. Ackman got the appointment — and hired investment bank Blackstone and AlixPartners, a firm best known for advising distressed companies, to explore ways to raise cash. Would it work for mattress pads and pantyhose? Were more layoffs coming?

What follows is the story of what actually happened hcpenney J. It was as if a triple-A team had just signed Babe Ruth. Bill ackman has the blood on his acmman for being the architect and the recruiter of ron johnson and then the coauthor of the strategy. Bill Ackman, left, was Ron Johnson’s strongest partisan. Ullman had run Penney since Previously portrayed as infirm and on the point of retirement, Ullman was now Schwarzenegger on a Segway, back with a vengeance.


Ackman Was Wrong: J C Penney Company Inc Stock Always Was a Short

You, like meand many others were wrong about our assessment of the department store industry. Penney that presumably had been left behind. Ackman has proven himself to be one of the most influential and creative managers out there today. But by now the other directors were aligned. Then it becomes a different store.

Returning to the pre-Johnson status quo is not a solution. Roth had lost faith. All of a sudden the website found itself stripped of support and leadership.

Subscribe to read | Financial Times

There was at least one upside. Johnson was totally absorbed in his quest but, say numerous insiders, relatively wckman from many specifics of how his team was forcing through the change. Ullman had consolidated the teams. Documents similar to jc penney group project v 2. Mike Ullman, the chief of the J.

BA CASE ANALYSIS – JCPENNEY by Marie Javier on Prezi

Pscm, the investment manager of the company, assumes any obligation to update the information contained in the prospectus or the supplement thereto, unless a new offering in the company will be undertaken.

Give feedback on the new search experience. To see Ackman’s latest portfolio, sign-up for our newsletter as a new issue will be out in a little over a week. In the past, we’d posted up Ackman’s potential JCP real estate thesis.

Johnson never returned to the Plano office. Johnson wanted to go further and install floating stages in the company cafeteria, but the fire marshal nixed the plan. Just as the rest of the retail world was scrambling to boost mobile and online buying, the Silicon Valley executive was going in the other direction. acckman


The new JCP would feature a much higher percentage of branded merchandise — modern, higher-end, youth-oriented — compared with house brands. As staffers pitched their corporate junk, they were invited to select a few replacement items with the new logo in exchange. Bill Ackman is one of the finest hedge fund managers out there and he shares some wonderful insight on some of his current investments.

Other Penney directors also expressed concern about the caliber of cuisine served at their meetings — so much so that on at least one occasion a senior executive personally sampled the food before it was served.

The new strategy made sense if Penney could attract many top brands, which would lure consumers without the catnip of frequent sales. Bill Ackman’s Investment Thesis on J. Penney experience what I should have done is short the entire sector.

What Johnson hoped to do was laudable. Bill ackman jc penney presentation business insider.