It’s hard to look away from the train wreck that is JCPenney (JCP), as shares of JCP stock have shed half their value in the last month alone, bringing year-to-date losses for JCPenney stock near 70%. In fact, it’s pretty safe to say flailing JCP has become the poster child for out-of-touch management, baffling strategy and fiscal desperation.
As hard as it is, though, investors interested in retail stocks need to pry their eyes away from the JCP stock soap opera — because it’s distracting us from other retail stocks that apparently and surprisingly appear headed for happier endings.
It’s pretty safe to assume that no one (definitely not me, at least) expected retailers Sears Holdings (SHLD), RadioShack (RSH) and Staples (SPLS) to outperform the market in 2013, much less head into the holiday season with decent momentum.
Yet here we are. Despite what’s been nothing short of a difficult year for retail stocks, all three have engineered at least temporary turnarounds — juggling acts that have boosted share prices higher since the start of the year.
Still, that doesn’t necessarily mean the good times will last. Take a look at all three retail stocks posted surprising revivals … and find out where they were, where they are and where they could be going.