J.C. Penney corporate home office. Image source: J.C. Penney.
Investors in discount retailer J.C. Penney (NYSE: JCP) have gone through tough times for years, and the company hasn’t yet been able to find a path to turn around its money-losing business in a convincing fashion. Yet several of Penney’s competitors have recently announced extremely strong results that signal a possible rebound for the hard-hit retail industry.