NEW YORK, NY - JANUARY 25: jcpenney President Michael Francis announces the new jcpenney strategy the jcpenney launch event at Pier 57 on January 25, 2012 in New York City. (Photo by Astrid ... more 
NEW YORK, NY - JANUARY 25: jcpenney President Michael Francis announces the new jcpenney strategy the jcpenney launch event at Pier 57 on January 25, 2012 in New York City. (Photo by Astrid Stawiarz/Getty Images for jcpenney) less 
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Getty Images | Photo By Astrid Stawiarz / Getty Images for jcpenney
Wed, Jan 25, 2012 2:38 PM EST