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J.C. Penney ‘pleased’ with holiday performance, but offers no sales data


Plano, Texas -- J.C. Penney issued a brief statement on Wednesday saying that it was "pleased” with its performance for the holiday selling period, and reaffirmed its fourth quarter fiscal 2013 guidance for increased same-store sales. But the retailer did not provide any specific sales data.

“J.C. Penney reported today that the company is pleased with its performance for the holiday period, showing continued progress in its turnaround efforts,” the statement said. “Customers responded well to the company's offerings this holiday shopping season, both in store and online.”

Early reports indicate Penney share prices are sliding in response to the company not releasing any specific financial figures for its holiday performance. Numerous media reports also indicate that industry analysts have doubts about Penney’s long-term viability.

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