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The Turnaround Continues at J.C. Penney

 (Image source: redalertpolitics)

J.C. Penney Company, Inc. (NYSE:JCP) is railing this morning on better than expected news on same store sales for the previous month. The deep discounts that J.C. Penney is offering seems to be really working as evidenced by the 0.9 percent increase in same store sales for October. The company is also doing a good job with inventory levels by stocking stores with merchandise customers like. Online sales were up nearly 38 percent for the month of October. Maybe it’s time to stop dumping on J.C. Penney! A comeback is always possible with a vision. The stock is currently trading above 6 percent.