Retail Wretches

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WalMart had an incredibly good day today, but not all is happy in retail-land. Pier One, one of Slope’s favorite whipping boys, continues to march toward oblivion……..


And, even more dramatically, JC Penney (which Dutch has made quite clear is heading toward $Zippo) plunged to a lifetime low. It’s breathtaking to think that this was one of the hottest stocks in the world a decade ago. Its chart looked like Google’s does today until 2007.

slopechart JCP