Look for JCP to have its next CEO focused solely on taking the company into Chapter 11 Bankruptcy. This is a zombie company unless it can shed its debt, many leases, and come back as a much smaller niche chain that understands its target demographic aren’t upscale yuppies, gays, and lesbians.
For their next CEO they brought in their old CEO (the one before Johnson) in an interim capacity. A lot of analysts are expecting them to be taken private.