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Actionable news in JCP: J.C. PENNEY COMPANY Inc,

Former J.C. Penney (JCP) CEO Questrom Tells Bloomberg TV Turnaround Efforts Progressing

NEW YORK (TheStreet) --Former J.C. Penney (JCP) CEO Allen Questrom called in to Bloomberg TV's "Bloomberg Markets" on Friday morning to discuss the company's recent financial report and the overall health of the retail sector, which has been struggling due in part to the boom in online shopping.

Looking at recent earnings results for large retail companies such as Penney's and Macy's (M), Questrom sees turnaround efforts as showing progress.