J.C. Penney Company, Inc. Makes Progress Towards Righting The Ship [REPORT]

Sterne Agee analysts Charles Grom, Renato Basanta, and John Parke delve into J.C. Penney, personally walking through stores and giving their impressions.

We recently walked some J.C. Penney Company, Inc. (NYSE:JCP) stores and came away feeling that the company has taken positive steps toward righting the ship and is close to completing the implementation of the "Ron Johnson reversal" strategies it has outlined in recent months. As a result, traffic is improving, although we see no significant inflection yet . . .

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