Consumer goods analyst Austin Smith talks about why he thinks J.C. Penney might be the worst retail stock. While investors had high hopes for its turnaround strategy and Apple whiz Ron Johnson stepping in, the company is now struggling to determine whether to adhere to its old discount strategy or something new. With more layoffs, a failing pricing strategy, and declining same-stores sales, the future does not look bright for J.C. Penney.
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The article Is This the Worst Company in Retail? originally appeared on Fool.com.
Austin Smith owns shares of Apple. Isaac Pino has no positions in the stocks mentioned above. The Motley Fool owns shares of Apple. Motley Fool newsletter services recommend Apple and Coach. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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