J.C. Penney’s run of all bad news may be ending. The company just predicted positive comp sales for the third and fourth quarters of 2013.
It added that jcp.com sales continue to trend double digits over last year.
A statement said J.C. Penney is pleased “with the progress thus far in the company’s turnaround efforts” and that it is “starting to see greater predictability in its performance across many areas.”
In the second quarter, its comps fell 11.9 percent.
The statement comes on the heels of a negative Goldman Sachs report, which caused the store’s stock to fall to its lowest level in more than a decade.