too many failures at this level
thats why the tankage imo
"if groupon tuns this newest offering into a full fleged business, it would give the deals company a potentially new huge category of small businesses to work with" writes Del Rey
J. C. Penney defended at TAG (7.37 )
TAG notes JCP fell 10% yesterday, which they believe is likely a function of the fact that an actual same-store sales number was not provided, whereas mgmt has provided a number in each of the past three months. While the co does not officially report monthly comps, they believe the recent practice of disclosing monthly same-store sales numbers will be discontinued going forward, as they pass the key holiday selling season and mgmt. They continue to believe that JCP is recapturing market share with initiatives designed to regain acceptance with its core customers, including a greater assortment of brands they are familiar with and restoration of coupons and promotional pricing that present a better value equation to the cos core customer; $15 tgt....
go read it short fools