Call and Consequence

Illustrated documentaries about business decisions: what was decided, why it made sense at the time, and what followed. Every figure links to the filing or the interview it came from.

Latest film ยท Episode 1

JCPenney's Pricing Fix Cost $4.3 Billion in Sales

In 2012 a new chief executive ended JCPenney's coupons and constant markdowns. He expected a dip. Net sales fell $4.3 billion that year, and he was gone 17 months after he arrived.

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