J.C. Penney (JCP) investors should mark February 1st on their calendar as day one of the...

|About: J.C. Penney Company Inc. (JCP)|By:, SA News Editor

J.C. Penney (JCP) investors should mark February 1st on their calendar as day one of the retailer's transformation, according to CEO Ron Johnson. The exec says big sales gains and profits will start percolating in Q1 with the "adjustment period" finally over. Johnson on the 110-year old company: "We look at JCP as a start-up."