After the bell on Tuesday, JC Penney (NYSE:JCP) reported sales at stores open at least a year climbed by 10.1% in the month of November, marking a strong start to the holiday season for the beleaguered retailer. In the report, JC Penney noted that sales were improving as the result of both better merchandise options for consumers and more aggressive promotions. Investors were focusing on the potential hit to margins rather than the increase to sales as the stock was trading lower by 2.5% in early trading today.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.