The Harvard Business Review says about JCPenney what I said awhile ago about Sears. There is increasingly no middle market; retail efforts are going to have to focus on the top or the bottom. I would not expect this trend to stay isolated within the retail industry. The bulging bubble of the boomer middle class is giving way to an hourglass economy of the top and the bottom. If your business was dependent on the middle, you have some work to do.