Comment on J.C.Penney is Re-Gaining Share -- Quickly

J.C.Penney is Re-Gaining Share -- Quickly

The news release for J.C.Penney’s first quarter’s sales and earnings was very encouraging. Sales were up, same store sales increased by 6.2%, which is more than I expected. As a result selling costs were more in line resulting in a major 400 basis point improvement in the expense ratio over [...]

 

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