UPDATE 2-JC Penney bucks weak retail sales trend, shares rise – Reuters
MiamiHerald.com |
UPDATE 2-JC Penney bucks weak retail sales trend, shares rise
Reuters (Adds CEO comment, gross margin forecast). Aug 14 (Reuters) – Department store chain J.C. Penney reported stronger- than-expected quarterly same-store sales, bucking a trend of disappointing sales from peers such as Wal-Mart Stores Inc and Macy's Inc. JC Penney's Sales Keep Climbing JCPenney earnings enthuses Wall Street JCP shares rally after earnings, revenue beat |
