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JC Pennet posts first quarterly gain since 2011

JC. Penney said fourth-quarter same-store sales rose 2 percent, marking its first quarterly gain for revenue by that measure in more than two years.

Comparable-store sales, which only includes locations open at least a year, climbed 3.1 percent in the nine weeks through November and December, the Plano, Texas-based company said today in a statement.