J.C. Penney Company, Inc. (NYSE:JCP)
CAPS Rating:
The Company sells family apparel, jewelry, shoes, accessories and home furnishings to customers through department stores and Direct (Internet/catalog).
The Company sells family apparel, jewelry, shoes, accessories and home furnishings to customers through department stores and Direct (Internet/catalog).
Recs
That sound you hear is the death rattle for a 111 year old retailer. The company is bleeding money with no signs of stopping and sales are dropping. Management appears to be confused on what will save the company and keeps changing directions compounding the problem. This one is gong the way of TG&Y and K-Mart.