Shares of retailers J.C. Penney (NYSE:JCP) and Sears (NASDAQ:SHLD) were down this week on the news that they are planning to dramatically cut their respective workforces over the next few months. But with little distinguishable competitive advantages, will this be enough for these companies to keep their heads above water? 

In this segment of the Motley Fool's consumer goods show, Consumer Countdown, CG analysts Michael Finarelli and Sean O'Reilly join host Mark Reeth to figure out what value remains in Sears and J.C. Penney, and if it can be dug up through cost cutting. 

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Fool contributor Mark Reeth has no position in any stocks mentioned. Michael Finarelli has no position in any stocks mentioned. Sean O'Reilly has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.