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J.C. Penney same-store holiday sales up 3.7%


Plano, Texas -- J.C. Penney is reflecting in a post-holiday glow and feeling bullish about its business going forward after reporting a 3.7% increase in same-store sales during the holidays (the nine week period from November through December). The retailer also said that it expects its fourth-quarter comparable sales will be at the top end of its forecast range of a 2% to 4% gain.

"Our highest priority over the last year has been to restore profitable sales growth at J.C. Penney," said J.C. Penney CEO Mike Ullman. "This holiday season was instrumental in that effort - and our teams delivered. I would like to thank our associates for their hard work, warrior spirit and commitment to delivering an exceptional customer experience every day. Customers clearly responded to our combination of great merchandise and compelling promotions this holiday season. We are proud of these results, and believe the work we are doing will fuel the continued growth of our business."

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