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JCPenney CEO: Macy's and Sears' worst nightmare is good news for us AP JCPenney says it stands to profit from turmoil in the retail industry that's causing Sears and Macy's to shut down stores.  In an interview with CNBC on Wednesday, JCPenney CEO Marvin Ellison revealed the bright side to other companies' woes. "You've said that you hope to pick up some shoppers that perhaps are leaving Sears as Sears closes stores," CNBC's Courtney Reagan asked. "What about all the Macy's store closures? If a Macy's closes in a mall where there's also a JCPenney and/or Se...
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