Troubled chain J.C. Penney posted a 0.9 percent same-store sales increase in October, its first year-over-year monthly increase in almost two years. Investors bid up Penney’s stock in an overall down market Thursday. Penney stock gained 43 cents, or 5.6 percent, to close at $8.13 a share. CEO Myron Ullman says the sales increase signals […]
Troubled chain J.C. Penney posted a 0.9 percent same-store sales increase in October, its first year-over-year monthly increase in almost two years. Investors bid up Penney’s stock in an overall down market Thursday. Penney stock gained 43 cents, or 5.6 percent, to close at $8.13 a share. CEO Myron Ullman says the sales increase signals “meaningful progress” in the company’s turnaround.
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