JCPenney CEO Myron Ullman: "People psychologically want to be in a discount or freestanding box environment.” Is he speaking specifically of Walmart? Is he saying that freestanding stores in general are better off? Have malls become toxic? What will all this mean for NorthPark purse-snatchers?
But this is interesting. At Penney stores, "Women's and children's apparel and family shoes were the best performers while jewelry and home divisions continued to be weak." Apparel?