Local

JC Penney Sales Up During Holiday Period

View Comments
(credit: Justin Sullivan/Getty Images)

(credit: Justin Sullivan/Getty Images)

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up

From Our CBS Music Web Sites

185992939 10 JC Penney Sales Up During Holiday PeriodHot Halloween Costumes

3258814 JC Penney Sales Up During Holiday PeriodTop 10 Horror Films

 alt=Musicians Then And Now

452359772 10 JC Penney Sales Up During Holiday PeriodMissing Summer?

 alt=Celebrities And Their Dogs

cowb thumb JC Penney Sales Up During Holiday PeriodCowboys Cheerleaders

PLANO (AP) – J.C. Penney is reporting a 3.1 percent rise in comparable-store sales during the critical nine-week holiday period.

Company shares jumped 4 percent in premarket trading.

Fourth-quarter sales at stores open at least a year climbed about 2 percent, excluding the 53rd week of 2012.

It was the first time since the second quarter of 2011 that the struggling department store has posted such a large increase.

Same-store sales are a key gauge of a retailer’s health because it excludes the volatility associated with stores recently opened or closed.

J.C. Penney Co., based in Plano, Texas, ended 2013 with more than $2 billion in total available liquidity. Industry watchers are paying close attention to that number as the retailer tries to turn itself around.

(© Copyright 2014 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Latest News:

Top Trending:

View Comments