Why I Both Love and Hate J. C. Penney Company, Inc.
J.C. Penney (NYSE: JCP) confounds me as a business.
On a macro, companywide management level, I love what CEO Marvin Ellison has done. He's making the big moves that position his company for eventual success, and he's shrewdly capitalizing on the slow death of Sears Holdings (NASDAQ: SHLD).
That's not the full story for the brand, though. Management on a companywide level only means so much. On a store-by-store operational basis, my experiences have been largely negative.
Source: Fool.com