Here is a snapshot of what's in and what's out at J.C. Penney under the watch of CEO Jill Soltau:

In:

* Bedding, bath, dinnerware and cookware

* Sephora cosmetics

* Men's Big & Tall business with Shaquille O'Neal

* Liz Claiborne apparel, including dresses and tops

Out:

* Women's accessories such as fashion jewelry

* Handbags

* Major appliances such as washers and dryers

* Beds, dressers and dining tables

(Reporting by Melissa Fares in New York; editing by Edward Tobin)