I agree with both you and Sir Napsalot. Sad fact is, JCP’s business model is becoming increasingly obsolete. Like you said, they’re “Grandma’s department store”, and at this point, I doubt anything could really turn it around.
I also think maybe this coming year (2013) Sears/KMart is likely to go under as well. Sears has been in trouble for a long time, and that KMart deal bought them a few years, but that’s coming to an end. I wouldn’t be surprised if by next fall, both JCP and Sears are history.
In Chino CA they have opened a Sears Appliance show room. Just Appliances in what was formally a 3000 sq ft. Hallmark store. That maybe Sears future, Appliances only, small show rooms shipping product out of Warehouses direct to Homes.