Sozzi: 3 Shifts to Look Out For at Still Struggling J.C. Penney
NEW YORK (TheStreet) -- Caution: this fun video is not a call to buy or sell J.C. Penney's
Home department: I still sense that traffic to J.C. Penney's home department has been soft in the first quarter. The reality is that J.C. Penney must continue to beat its customers over the head via marketing that affordable home goods could once again be snagged. That said, should someone venture to the home department, they would now find merchandise grouped by product category instead of in lifestyle setting. Totally easier to think through a purchase.
Online: Former J.C. Penney CEO Ron Johnson destroyed the online business, separating the digital team from the store team. The impact of that decision: a store employee was unable to satisfy on the spot consumer demands by picking a good from the online store. Now, J.C. Penney has the capabilities back in place to satisfy a customer demand in the store via its Web site. But, unlike Macy's
Kids: Something feel a little off in the J.C. Penney kids department? It should, gone is the giant orange Joe Fresh section, and in its place going branded merchandise from the likes of Nike
BTW, expect more store and facility closure announcements from J.C. Penney in 2015.
-- By Brian Sozzi CEO of Belus Capital Advisors, analyst to TheStreet.
This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff.
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