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JCPenney fares well during holidays
A 3.7% same store sales increase during the holidays has JCPenney feeling good about the continued growth of its business.
The retailer said same store sales during the nine week period from November through December increase 3.7%. That figure was on top of a 3.1% gain during the same period the prior year and was toward the high end of the company’s guidance range which envisioned comp growth of two percent to four percent.
