Penney same-store sales up 10% in November

Plano, Texas -- J. C. Penney said that its same-store sales rose 10.1% for the fiscal month ending November 30, 2013. The retailer's stock was up 4.6% to $10.57 percent in after-hours trading Tuesday.



"We are pleased with our performance over the Thanksgiving holiday weekend, particularly in light of the continued spending pressures on consumers. The combination of our great merchandise and compelling promotions put us in a position to succeed in a highly competitive environment, and our teams executed very well," said Myron E. (Mike) Ullman, III, CEO, J.C. Penney. .



Penney also said that its online sales were strong and were running well ahead of last year.



"The traffic and conversion we saw both in stores and online this weekend was exciting for everyone across our organization,” Ullman said.