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Showing posts with label JC Penney. Show all posts
Showing posts with label JC Penney. Show all posts

Thursday, July 26, 2012

Corporate Fallout in the Marriage War

Two long-standing and well-known American corporations have reaped very different rewards for their very different positions in the marriage debate.

Chick-fil-A, with over 1,600 restaurants across the U.S., is a privately held and family-owned company that has never been shy about the conservative Christian views held by its owners. According to the official bio of President and Chief Operating Officer Dan Cathy (son of founder Truett Cathy), the “Corporate Purpose” of Chik-fil-A is: “To glorify God by being a faithful steward of all that is entrusted to us. To have a positive influence on all who come in contact with Chick-fil-A.”

Chick-fil-A has long drawn the ire of pro-homosexual groups for its financial support, to the tune of millions of dollars, to pro-family organizations such as the Fellowship of Christian Athletes, the Family Research Council, the Marriage and Family Foundation, and so on. Most of such donations come from the company’s nonprofit WinShape Foundation, which has existed since 1984.

In spite of its opposition, the company has thrived. For 44 consecutive years, Chick-fil-A has experienced positive sales growth. Last year, annual sales were over $4.1 billion. Part of this is almost certainly due to the fact that many, especially Christians, who believe in traditional (biblical) marriage, go out of their way to support the restaurant.

Recently, Mr. Cathy (Dan) reinforced the company’s position on marriage. In an article published in the Baptist Press he stated, “We are very much supportive of the family — the biblical definition of the family unit.” Cathy added that, “We are a family-owned business, a family-led business, and we are married to our first wives. We give God thanks for that.”

On the other hand is JC Penney. With over 1,100 stores in all 50 states, like Chick-fil-A, Penney’s (as it is frequently known) is an American icon. The department store chain was founded in 1913 by James Cash Penney (1875-1971).

In his early twenties, Penney began work in the Golden Rule stores. The owners were so impressed with his work ethic that they offered him a share in a new store that Penney himself would open. He later opened two more stores, and by 1907 purchased full interest in all three stores. This was the beginning of the JC Penney brand.

By 1920, there were 120 stores nationwide. By the time of the 1929 stock market crash, there were 1,400 stores. Penney lost all of his personal wealth in the crash, and this took a great toll on his health. While receiving treatment, according to the Southern Baptist Convention, Penney became a born-again Christian after hearing the hymn “God Will Take Care of You” being sung in the hospital chapel. Passing away at the age of 95, Penney lived a long life of significant philanthropy.

Given the recent actions of his company, one has to wonder if Penney is not “rolling over in his grave.” Prior to Father’s Day of this year Penney’s released a print ad that featured a same-sex male couple hugging their two children. The ad reads: “What makes Dad so cool? He's the swim coach, tent maker, best friend, bike fixer and hug giver—all rolled into one. Or two.”

The company also featured a lesbian couple in its May catalog for Mother’s Day. This is in addition to hiring outspoken homosexual activist Ellen DeGeneres as spokesperson in early 2012. Early this year, American Family Association and other pro-family organizations began a campaign urging their supporters to contact JC Penney and request that Penney’s at least “remain neutral” in the culture wars.  

There is significant evidence that this campaign is working. In the middle of June of this year, after only 8 months on the job, Penney’s president Michael Francis left the company. Francis was responsible for the hiring of DeGeneres and the pro-same-sex marriage ads.

Also, since February of this year, Penney’s stock has tumbled. It has lost over 50% of its value, falling from a price of $41.32 to a low of $20.02. What’s more, according to American Family Association, “Standard & Poor's Ratings Services lowered its credit rating on J.C. Penney Co. further into ‘junk’ status.”

Some will dismiss these occurrences as anecdotal, but I believe that there is more to it than that. Both of these companies are large and have high profiles. Their positions in the marriage debate have been widely reported and have elicited passionate responses.

This, combined with the fact that EVERY time (32 for 32) same-sex marriage has been before a state electorate in the United States, it has been SOUNDLY defeated (by an average of 67% to 33%), reveals that Americans are willing to stand up for traditional (biblical) marriage, not only with their wallets, but also at the ballot box.

Of course, as we approach the November elections and the campaigns are white-hot, there is a message here for all politicians: supporting traditional (biblical) marriage is a winning proposition. We’ll see who is paying attention.

(See this column on American Thinker.)

Copyright 2012, Trevor Grant Thomas
At the Intersection of Politics, Science, Faith, and Reason.
Trevor and his wife Michelle are the authors of: Debt Free Living in a Debt Filled World
tthomas@trevorgrantthomas.com

Monday, June 4, 2012

Home Depot, JC Penney, Target on the Wrong Side of the Marriage Debate

With President Obama coming out in support of same-sex marriage, along with North Carolina voting overwhelmingly to amend its constitution in support of traditional marriage, combined with the 1st Circuit Court of Appeals in Boston ruling the Defense of Marriage Act (DOMA) unconstitutional, the debate over marriage in the U.S. is white HOT.

Sadly, several large U.S. retailers have chosen to align themselves with the pro-same-sex marriage lobby. Home Depot long ago took sides in the marriage debate. More recently, Target and JC Penney joined Home Depot in support of same-sex marriage. Target has pledged $120,000 to promote the legalization of same-sex marriage. JC Penney has released a Father’s Day ad that shows two gay dads hugging their children. The ad reads, “What makes Dad so cool? He's the swim coach, tent maker, best friend, bike fixer and hug giver -- all rolled into one. Or two.”

Read more about the JC Penney ad here. Find out more about Home Depot and Target at American Family Association. Also, if you feel, as Michelle and I do, that such actions by these retailers mean that you will no longer shop there, make sure that you make your local managers aware of your decision.

Copyright 2012, Trevor Grant Thomas
At the Intersection of Politics, Science, Faith, and Reason.
Trevor and his wife Michelle are the authors of: Debt Free Living in a Debt Filled World
tthomas@trevorgrantthomas.com