At J.C. Penney, 10% Sales Growth Not Good Enough
December 04, 2013 at 10:53 AM EST
Normally investors rush to reward a retailer that delivers double-digit sales growth. J.C. Penney (JCP), however, received a market-wide shoulder shrug. Granted, the troubled department store chain’s share price spiked 5% Tuesday in after-hours action, rising to $10.64 after releasing preliminary figures showing a 10.1% rise in same-store sales during November compared to the same month [...]
