And Bon-Ton Stores (NASDAQ: BONT), JCPenney (NYSE: JCP) and Sears Holdings (NASDAQ: SHLD) are expected to post a net loss.

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The best department store deals will likely be found at regional chains like Bon-Ton and Boscov's (both mainly in the Northeast), according to Anthony Liuzzo, a professor of business and economics at Wilkes University who's been tracking holiday retail trends since 1988.

FORBES: Magazine Article