Major retailers are going through big changes amid online sales growth.
The women's apparel retailer said Thursday it had cut jobs and will close about 120 stores by 2017.
Days after Wal-Mart announced pay raises, TJX said that it, too, will boost hourly wages.
Target made several bets that paid off in the fourth quarter, CFO John Mulligan said.
JCP was in its prime in the '90s, but the company and its stock have struggled since.
Plans to hike employee pay could spell trouble for Wal-Mart, according to the latest research.
Target also forecast modest earnings growth for this quarter.