Best Buy or JC Penny?
My money is on JCP filing for bankruptcy within 18 months. They are already stretching out their account payables in order to provide internal financing.
There's just too much retail capacity in their genre and they have lost any hope of re-establishing a market niche for themselves. Their same store sales were down by double digit % in their latest report.
Their new CEO will be fired by the board within a year, IMO. He has already announced two major strategy changes since he has been there (less than a year) which I interpret as a combination of desperation and not knowing what he's doing.
Their death spiral has begun.....
(edited to correct typo)
This post was edited on 2/28 at 8:21 am