Department stores reporting 4Q holiday and e-commerce sales give us a look if retailers are going to survive the retail apocalypse and the Amazon takeover. Macys $M, Kohl’s $KSS, Nordstrom $JWN and J.C.Penney $JCP report this week.
Is Loss Making JC Penney Finally Turning it Around?
JCPenney $JCP has been the poster child of the retail desolation on the American retail wasteland. Friday JCP reported Q3 earnings with a loss much less than guidance. Revenue was also ahead of guidance. Yes the are still making losses and lower revenue is lower but is there hope in those malls?