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Why J.C. Penney Store Closings May Not Be Soon in Coming

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Here's an interesting question: as a retailer, how do you optimize your store portfolio when much of it is serving as collateral for a loan that's keeping you afloat? According to Barron's, that's the dilemma facing department store chain J.C. Penney as it tries to turn itself around in a record amount of time. Analysts quoted by Barron's estimate that if J.C. Penney were to close all of its underperforming stores, it could boost productivity by at least 8.4 ...

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Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
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