J.C. Penney Co. is in a surprising position more than four years after it was almost run aground by a former chief executive officer: It could be the last department store standing at your local mall.
rivals retrench, J.C. Penney is adding new merchandise, exclusive
partnerships and services to draw shoppers to its more than 1,000
stores. Sears has closed stores amid $9 billion in losses in recent
years and Macy's said this month it would shutter 100 in as-yet
unidentified locations -- an act likely to leave J.C. Penney as the main
anchor in some malls.. . . more