Deutsche Bank's Charles Grom worries sales at J.C. Penney (JCP) will slump next year as well,...


Deutsche Bank's Charles Grom worries sales at J.C. Penney (JCP) will slump next year as well, leading to what the analyst calls a "going-concern problem" during the year. The thought runs counter to the analysts who tapped the retailer to finally enter a true turnaround phase next year with same-store sales comparables set up to be as soft as butter. Is Ron Johnson's Apple-JCP analogy starting to wear thin? NYT's Andrew Ross Sorkin thinks so: "The company doesn’t make its own magical, revolutionary products that bring tears of joy to its customers."

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