From its last public statement on December 2011, JC Penny (NYSE: JCP) announced its same-store sales rose in October. The company made its promise that sales would turn positive at the end of the third quarter.
JC Penney Ends 22-Month Sales Slump as Margins Worsen – Bloomberg
JC Penney Ends 22-Month Sales Slump as Margins WorsenBloombergJ.C. Penney Co. (JCP) posted the first monthly sales gain in almost two years as the department-store chain ran deep discounts while demand improved for home products, men’s apparel and wo …
Good thing Penney (NYSE: JCP) stock gained 43 cents, or 5.6 percent, to close at $8.13 a share. The department store posted a 0.9 percent same-store sales increase in October, its first year-over-year monthly increase in almost two years.
The holiday season is important to all retailers, but none more so than JCPenney, analysts say. A JCPenney store in a Pembroke Pines, Fla. E-mail the writer. Penney, a struggling retailer trying to reverse its fortunes, had a rare sliver of good news Wednesday.
Penny’s (NYSE: JCP) CEO Myron “Mike” Ullman in a statement said that the sales increase, since December 2011, thus this is a good signal which means a meaningful progress in the company’s turnaround. Almost every level of its sales had increased from men’s apparel to women’s accessories both online and in stores.
J. C. Penney Company, Inc., … As of September 2013, J.C. Penney’s main competitors are Kohl’s , Belk and Sears . Montgomery Ward and …