JCPenney holiday comp up 3.7%

Planto, Texas – JCPenney delivered some comforting news to worried investors late this afternoon, announcing a 3.7% climb in same-store sales during the nine-week holiday selling season, adding that fourth quarter comps should hit the upper end of its guidance of a 2% to 4% gain.

"Our highest priority over the last year has been to restore profitable sales growth at JCPenney,” said ceo Mike Ullman. "Customers clearly responded to our combination of great merchandise and compelling promotions this holiday season."

Source: Home textiles