Why is J.C. Penney stock rising?# Stock
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J.C. Penney’s stock is climbing this morning as CEO Myron “Mike” Ullman
speaks at an industry conference in New York.
Ullman expects to see positive same-store sales in the third quarter that
ends Nov. 2, and said there’s no reason the retailer can’t get back to
traditional profit margins, according to a Tweet from Women’s Wear Daily.
The fashion industry publication is hosting an apparel conference today.
Ullman was reaffirming the sales guidance that he offered analyst earlier
this month.
Penney had 30 things wrong when he came back in April, and two-thirds have
been fixed, he said according to Women’s Wear Daily.
Penney stores were busy on Sunday as shoppers used a one-day, 25 percent off
“friends and family” coupon that was widely distributed and available on
jcp.com.
speaks at an industry conference in New York.
Ullman expects to see positive same-store sales in the third quarter that
ends Nov. 2, and said there’s no reason the retailer can’t get back to
traditional profit margins, according to a Tweet from Women’s Wear Daily.
The fashion industry publication is hosting an apparel conference today.
Ullman was reaffirming the sales guidance that he offered analyst earlier
this month.
Penney had 30 things wrong when he came back in April, and two-thirds have
been fixed, he said according to Women’s Wear Daily.
Penney stores were busy on Sunday as shoppers used a one-day, 25 percent off
“friends and family” coupon that was widely distributed and available on
jcp.com.