A Strategic Mistake That Still Haunts JC Penney (2024)

Feb 25, 2019,04:13pm EST

Berkshire Hathaway Is History","scope":{"topStory":{"index":1,"title":"Berkshire Hathaway Is History","image":"https://specials-images.forbesimg.com/dam/imageserve/13cb5b53893d4d258c2200cbe31cfa29/290x0.jpg?fit=scale","isHappeningNowArticle":false,"date":{"monthDayYear":"Feb 25, 2019","hourMinute":"04:13","amPm":"pm","isEDT":false,"unformattedDate":1551129180000},"uri":"https://www.forbes.com/sites/martinsosnoff/2019/02/25/berkshire-hathaway-is-history/"}},"id":"4hp6aep6rmak00"},{"textContent":"

Feb 20, 2019,03:09pm EST

13F Filings Flashing Yellow. Is Buffett Now A Gunslinger?","scope":{"topStory":{"index":2,"title":"13F Filings Flashing Yellow. Is Buffett Now A Gunslinger?","image":"https://specials-images.forbesimg.com/dam/imageserve/c2790f5b58a441d585fe7fca36a88aef/290x0.jpg?fit=scale","isHappeningNowArticle":false,"date":{"monthDayYear":"Feb 20, 2019","hourMinute":"03:09","amPm":"pm","isEDT":false,"unformattedDate":1550693340000},"uri":"https://www.forbes.com/sites/martinsosnoff/2019/02/20/13f-filings-flashing-yellow-is-buffett-now-a-gunslinger/"}},"id":"9apjck7h6ah400"},{"textContent":"

Feb 12, 2019,05:27pm EST

How You Play Interest Rate Compression","scope":{"topStory":{"index":3,"title":"How You Play Interest Rate Compression","image":"https://specials-images.forbesimg.com/dam/imageserve/c35dfcae4690445b905ec9f8cea11bcd/290x0.jpg?fit=scale","isHappeningNowArticle":false,"date":{"monthDayYear":"Feb 12, 2019","hourMinute":"05:27","amPm":"pm","isEDT":false,"unformattedDate":1550010420000},"uri":"https://www.forbes.com/sites/martinsosnoff/2019/02/12/how-you-play-interest-rate-compression/"}},"id":"5q1kj3o6j0ec00"},{"textContent":"

Feb 6, 2019,12:42pm EST

Letter To Mark Zuckerberg","scope":{"topStory":{"index":4,"title":"Letter To Mark Zuckerberg","image":"https://specials-images.forbesimg.com/dam/imageserve/42457937/290x0.jpg?fit=scale","isHappeningNowArticle":false,"date":{"monthDayYear":"Feb 6, 2019","hourMinute":"12:42","amPm":"pm","isEDT":false,"unformattedDate":1549474920000},"uri":"https://www.forbes.com/sites/martinsosnoff/2019/02/06/letter-to-mark-zuckerberg/"}},"id":"r249c09ch1540"},{"textContent":"

Jan 29, 2019,03:15pm EST

Have The Nifty Fifty Become The Nifty Half-Dozen?","scope":{"topStory":{"index":5,"title":"Have The Nifty Fifty Become The Nifty Half-Dozen?","image":"https://specials-images.forbesimg.com/dam/imageserve/1068425642/290x0.jpg?fit=scale","isHappeningNowArticle":false,"date":{"monthDayYear":"Jan 29, 2019","hourMinute":"03:15","amPm":"pm","isEDT":false,"unformattedDate":1548792900000},"uri":"https://www.forbes.com/sites/martinsosnoff/2019/01/29/have-the-nifty-fifty-become-the-nifty-half-dozen/"}},"id":"1n2c8ra39k5m00"},{"textContent":"

Jan 23, 2019,04:19pm EST

Time Now For Gut Plays","scope":{"topStory":{"index":6,"title":"Time Now For Gut Plays","image":"https://specials-images.forbesimg.com/dam/imageserve/1973cd4640e745929e631d1b97c33077/290x0.jpg?fit=scale","isHappeningNowArticle":false,"date":{"monthDayYear":"Jan 23, 2019","hourMinute":"04:19","amPm":"pm","isEDT":false,"unformattedDate":1548278340000},"uri":"https://www.forbes.com/sites/martinsosnoff/2019/01/23/time-now-for-gut-plays/"}},"id":"b7gipn5j7lh400"},{"textContent":"

Jan 15, 2019,12:35pm EST

Thirst For Yield Quenchable With BB-Rated Paper","scope":{"topStory":{"index":7,"title":"Thirst For Yield Quenchable With BB-Rated Paper","image":"https://specials-images.forbesimg.com/dam/imageserve/42529698/290x0.jpg?fit=scale","isHappeningNowArticle":false,"date":{"monthDayYear":"Jan 15, 2019","hourMinute":"12:35","amPm":"pm","isEDT":false,"unformattedDate":1547573700000},"uri":"https://www.forbes.com/sites/martinsosnoff/2019/01/15/thirst-for-yield-quenchable-with-bb-rated-paper/"}},"id":"er678bkonhmo00"},{"textContent":"

Jan 7, 2019,03:59pm EST

Don't Dare Wannabe Smartest Guy In The Room","scope":{"topStory":{"index":8,"title":"Don't Dare Wannabe Smartest Guy In The Room","image":"https://specials-images.forbesimg.com/dam/imageserve/ccc40b5ba80343389e2e99460ec82e4c/290x0.jpg?fit=scale","isHappeningNowArticle":false,"date":{"monthDayYear":"Jan 7, 2019","hourMinute":"03:59","amPm":"pm","isEDT":false,"unformattedDate":1546894740000},"uri":"https://www.forbes.com/sites/martinsosnoff/2019/01/07/dont-dare-wannabe-smartest-guy-in-the-room/"}},"id":"a10jn41qjb5k00"}],"breakpoints":[{"breakpoint":"@media all and (max-width: 767px)","config":{"enabled":false}},{"breakpoint":"@media all and (max-width: 768px)","config":{"inView":2,"slidesToScroll":1}},{"breakpoint":"@media all and (min-width: 1681px)","config":{"inView":6}}]};