NEW YORK, NY - FEBRUARY 25: Penney needs a big plan to fix its big problems. And yes, there are more store closings, even if the number—18—is still rather modest by 2019 standards. It doesn’t quite know what it will do with all the space being vacated by appliances and furniture. Even assuming anybody knows exactly what that means, it is especially scary that Penney still doesn’t really know what it wants to be. The longer Penney stays iffy to the former and is increasingly irrelevant to the latter, the deeper the hole gets.

Source: Forbes March 01, 2019 16:25 UTC