Macy's (JCP +3.2%) sees opportunity for itself and other retailers from disruptions at J.C....

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

Macy's (JCP +3.2%) sees opportunity for itself and other retailers from disruptions at J.C. Penney (JCP +0.8%) as the retailer revamps operations. "It's going to be a tough year [for JCP], so I do see opportunity short-term... long-term as well," Macy's CFO Karen Hoguet says. JCP's latest hurdle: S&P lowers its credit rating to BB, one step deeper into junk territory.