Thursday, July 12, 2007

J.C. Penney same-store sales beat expectations

(Reuters) - "They are continuing to be strong. I think you're going to see that growth continue," said Faith Hope Consolo, retail leasing and sales chairman at Prudential Douglas Elliman Retail Leasing. "They've retooled, refreshed and gone forward very strong."




Shares of J.C. Penney, which earlier rose as much as 5 percent, were up $2.38 at $73.54 in morning trade on the New York Stock Exchange.


Read more at Reuters.com Business News

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