J.C. Penney Company, Inc. (JCP) Struggles, But Apparel Outperforms The Retail Index
The S&P Retailing Index fell 3.5% in April, compared to a 6.0% increase for the S&P 500 (INDEXSP:.INX), but the downward trend covers up some good news for the rest of the year. Discount stores in particular have benefited from better consumer confidence, and e-commerce is proving to be accretive for at least some retailers.
J.C. Penney underperformed with other department stores
The apparel companies covered by Nomura analyst Robert Drbul did better as a group . . .
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