The once proud, powerful and unpretentious J.C. Penney is on the verge of bankruptcy and possible extinction.
The ceo of the firm’s real estate advisory has firsthand experience with landlord-tenant negotiations.
The 850-store retailer will detail its future real estate plans at its analyst day on April 7.
Challenges during the fourth quarter included a shorter holiday selling period and volatility in several international markets.
The department stores and Victoria’s Secret continue to lag the retail industry.
Investors zeroed in on comparable sales growth of 3.4 percent in the quarter ended Aug. 3.