Fitch Ratings has updated its recovery analyses for the following U.S. retailers as of Nov. 1, 2014, unless otherwise indicated:

--J.C. Penney Company, Inc. (JCP)

--RadioShack Corporation (RSH)

--Rite Aid Corporation (RAD) (as of Nov. 29, 2014)

--Sears Holdings Corporation (SHLD)

--SUPERVALU Inc. (SVU) (as of Nov. 29, 2014)

--Toys 'R' Us, Inc. (TOY)

--The Bon-Ton Stores, Inc. (BONT)

--Claire's Stores, Inc. (CLE)

--J.Crew Group, Inc. (JCG)

--The Gymboree Corporation (GYMB)

--Michaels Stores, Inc. (MIK)

--NBTY, Inc. (NBTY) (as of Sept. 30, 2014)

--Neiman Marcus Group LTD LLC (NMG)

The interactive recovery analysis worksheets are available at 'www.fitchratings.com' under the following headers:

Sectors >> Corporate Finance >> Corporates >> Research

Additional information is available at 'www.fitchratings.com'.

The Recovery Ratings reflect the application of Fitch's current criteria which is available on Fitch's website at 'www.fitchratings.com'.

Applicable Criteria and Related Research:

--'Corporate Rating Methodology' (May 28, 2014);

--'Recovery Ratings and Notching Criteria for Non-Financial Corporate Issuers' (Nov. 19, 2013).

Applicable Criteria and Related Research: U.S. Retail Recovery Models -- Third-Quarter 2014

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=857668

Corporate Rating Methodology - Including Short-Term Ratings and Parent and Subsidiary Linkage

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=749393

Recovery Ratings and Notching Criteria for Non-Financial Corporate Issuers

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=813588

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