J.C. Penny going green?
This reminds me of our discussion in class about social responsibility. J.C. Penney may be trying to go ‘green’ out of a social responsibility to be good to the environment, or they may being going ‘green’ in order to attract more customers. Either way I feel like it is a good thing to be a socially responsible company. I feel that would absolutely attract a larger customer base. If J.C. Penney were to get rid of a $454 million sales opportunity they are expecting that they will make up in sales with this ‘green’ appearance. I could not see them dropping a multimillion dollar opportunity without projecting to make more than what they are dropping. I wonder if other companies have tried this technique and been profitable?
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