August 16, 2011

Ronald Friedman, Co-Leader, Retail/Consumer Products Industry Group, Quoted in The Wall Street Journal Article "UPDATE: JC Penney 2Q Profit Flat On Lower Sales, Margins"

The Wall Street Journal

By Karen Talley and Natalie Tadena

Featured Ronald Friedman, Partner, Assurance

Related Industry Retail & Consumer Products

Ronald Friedman, Co-Leader, Retail/Consumer Products Industry Group, Quoted in The Wall Street Journal Article "UPDATE: JC Penney 2Q Profit Flat On Lower Sales, Margins"

Excerpt:

In the article, Mr. Friedman comments on JC Penney’s fiscal second-quarter earnings. He says “When you realize the sales are going to be somewhat soft, then expense cuts are the necessary adjustment to maintain profitability.”

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Ronald  Friedman

Ronald Friedman

Partner

  • Assurance
  • Los Angeles, CA