Discontinuing coverage

Effective immediately we are discontinuing coverage of JC Penney (NYSE: JCP). Going forward, investors should not rely on our previously published notes, rating, price targets or estimates for JC Penney as they will not be updated following discontinuation of coverage.

Notes from the mall - positive trends persist

Having visited a number of stores over the past week, we remain confident that the good trends observed over Holiday have persisted through Q1. Inventory levels and promotion remain very controlled across the vast majority of retailers, and even traffic looks decent enough. Across all retailers we visited, we observed more positives than we have done in the last couple of years. Heading into the Q1 earnings, we have seen some recent stock underperformance, but we believe results will be solid en...

Strong acceleration towards end of October

Another volatile quarter - stepping aside