J.C. Penney holiday sales rise 3.4%, shares up [FOX Business Network]
JC PENNEY (JCP)
Last jc penney earnings: 2/27 07:30 am
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Source: FOX Business Network
Jan 4 (Reuters) - Department store operator J.C. Penney Co Inc said on Thursday same-store sales during the key selling months of November and December rose 3.4 percent, driven by strong demand for home goods, beauty products and jewelry. Continue Reading Below The performance bodes well for a sector that has been struggling for years under the combined weight of Amazon.com and falling foot traffic at malls. Shares of J.C. Penney, which also re-affirmed its full-year 2017 forecast, were up nearly 7 percent in premarket trading. Rival Macy's Inc rose 1.3 percent, while Kohl's was also up. J.C. Penney's announcement comes on the heels of a MasterCard analytics report that said shoppers spent a record $800 billion during the 2017 U.S. holiday shopping period, on the back of surging consumer confidence and increased use of mobile devices. To stay relevant, brick-and-mortar retailers including J.C. Penney have been heavily investing in technology and logisti
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