the way the ceo try to steal business from macys shows that he is a sleaze ball. now the sleaze factor + poor sales are both being built into the price of the stock.
A sleaze CEO might turn JCP yet. I'd vote for a sleaze.
Instead JCP has a previously-cocky guy on tralning wheels trying to learn brick and mortar retailing restoring a company that was already running on out of options.
Before this is over there will be lots of key anchor space for rent in big malls. Anybody figured which REIT will get hit?
Sleaze ball is too kind. JCP BOD should be directing preparation of Johnson's walking papers this morning. He has become a total embarrassment to the company.