CBS 11 Header TXA 21 Header MeTV Header KRLD Header The Fan Header

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

625x352 thrill eng preview JC Penney Sales Up During Holiday PeriodWin A Trip To Disneyland!

82641739 10 JC Penney Sales Up During Holiday PeriodHottest Sunbathers Of The Summer

451506504 JC Penney Sales Up During Holiday PeriodJennifer Lopez Bikini Pic Is HOT

 alt=What Did Jerry Jones Say?

 alt=Musicians Then And Now

Fantasy_tile

VOTE: Best Coaches In American Sports

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 This material may not be published, broadcast, rewritten or redistributed.)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