Welcome to Industry Focus, a podcast that dives into a different sector of the stock market every day.

It's Tuesday, August 13th, and we're doing a news roundup on some interesting stories in the

C.G. world. I'm your host

Alan Lewis and I've got fool.com's Dan Klein with me in studio. Dan what's up?

Ah, not too much. How are you? It's always a treat to have you at the office.

And for those of you listening and not watching

Dylan is sitting like up on like a phone book and he's already like six

inches taller than me so I am literally looking up at Dylan Lewis here.

You make me sound like I'm Mark Zuckerberg in front of Congress. I am simply sitting on a stool. I like being a little higher up. It gives me good posture. I think it makes my voice a little more resonant.

I don't know, it feels like a power move to be. I offered you a high stool day. He did. I'm having you on today because

we were talking about some stuff going on specifically in the retail space. This is a space that

you follow particularly well, I will say.

Why don't we kick off with our first story about J.C. Penny.

This is a business that's been struggling for quite some time.

We've seen news over the past week that they are now trying to work

with creditors to arrange some debt swap arrangements. So for a long time I was a

believer. I truly felt Marvin Allison, the former CEO CEO was doing all the right things.

He was going into areas that Sears was abandoning,

he was adding toys when Toys R Us,

went out of business, really like smart moves.

And then maybe about a year ago when they were looking for his successor, I started looking, I

started visiting JCPenney stores and looking at how they were executing things and toys were in a

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