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JC Penney filed for bankruptcy today. My mentor built a $100 million dollar a year business with them over many decades. Then one day they told him “going forward, what doesn’t sell you must refund 100%” and he was like “wait, you pick what to buy but we pay if it doesn’t sell?”pic.twitter.com/9reyhY1sqH
And they were like “yup” and he was like “okay.” And he shut his business down right there! We’ve been waiting for jcp to eat shit for years since. My dude is the man. Taught me how to sell. Taught me how to manage. Taught me so much. Fuck JCP!
No other clients?
Split between JCp and sears (when this was a big deal) but he figured that he couldn’t run the biz just on sears.
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