While the prolonged European economic crisis and the Facebook IPO no doubt distracted investors this week, other noteworthy stock news transpired. Three major retailers were bruised and battered. Let's recap some of the week's carnage.
Penney for Johnson's thoughts
Johnson, formerly of Apple, knows a thing or two about driving up revenue per square foot in a retail environment. But can he turn around the flailing retailer before it's too late? Hedge fund manager Bill Ackman, who owns a huge stake in the company, thinks so. He pleads for patience from investors and states that JCP has "all the requirements for a turnaround."
Meanwhile, competitors such as Sears Holdings
Trouble continues to brew
Green Mountain Coffee Roasters
Last week, SodaStream
Not a pretty week for Avon
Shares of Avon
While it was a rough week for these companies, my Foolish cohorts have found one retailer that they are incredibly excited about. Read about this one stock in the free report "The Motley Fool's Top Stock for 2012."