Can J.C. Penney Steer Clear of the Iceberg?

Negative fourth-quarter comps indicate the retailer is running out of time and needs a rapid course correction to survive

Holiday sales reports for chain retailers have been trickling in recently and, overall, the results have been mixed. Target (NYSE:TGT) leads the pack with same-store sales growth of 5.7% for the recent shopping season, a 3.4% increase from the prior year. Macy’s (NYSE:M) posted same-store

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