CEO Bill McComb destroys Juicy's profits.
It appears Wall Street does not hold in high esteem the current J&J business model.
As stated in the NY Post by jcovert@nypost.com -
[Still, the bigger concern remains that McComb, a former Johnson & Johnson executive
with little fashion savvy, has a tendency to hire and fire personnel in search of a
"silver bullet" solution to the brand's ills, sources said.
To educate himself, sources said McComb huddles with outside consultants and
regurgitates their advice with his prodigious memory.
"His recall was so accurate you could literally tell which consultant had been telling
him what," according to a former employee.
Nevertheless, McComb has still been prone to fits of exasperation in the face of
Juicy's lackluster fashions, sources said.
"Do you think maybe God is punishing you because your product is such s--?"
McComb asked a Juicy merchant at a meeting last year, according to a former employee.
"I don't know," the exec replied, according to the source. "I guess I don't speak
to Him often enough." ]
Read more: http://www.nypost.com/p/news/business/flop_sweat_for_juicy_aJNmQjL5GtM0bsgBzRgSyM
It appears Wall Street does not hold in high esteem the current J&J business model.
As stated in the NY Post by jcovert@nypost.com -
[Still, the bigger concern remains that McComb, a former Johnson & Johnson executive
with little fashion savvy, has a tendency to hire and fire personnel in search of a
"silver bullet" solution to the brand's ills, sources said.
To educate himself, sources said McComb huddles with outside consultants and
regurgitates their advice with his prodigious memory.
"His recall was so accurate you could literally tell which consultant had been telling
him what," according to a former employee.
Nevertheless, McComb has still been prone to fits of exasperation in the face of
Juicy's lackluster fashions, sources said.
"Do you think maybe God is punishing you because your product is such s--?"
McComb asked a Juicy merchant at a meeting last year, according to a former employee.
"I don't know," the exec replied, according to the source. "I guess I don't speak
to Him often enough." ]
Read more: http://www.nypost.com/p/news/business/flop_sweat_for_juicy_aJNmQjL5GtM0bsgBzRgSyM