J.C. Penney Sales Rise



The department store saw a 2.2 percent increase in comparable sales for the second quarter of 2016

J.C. Penney reports that it had a 2.2 percent increase in comparable sales for the second quarter of 2016.

“We are pleased with the sequential improvement we achieved throughout the second quarter, and our solid performance across all key metrics is encouraging,” said Marvin Ellison, chairman and CEO, in a statement. “We are continuing to win market share and improve the bottom line of our business thanks to the commitment and hard work of our over 100,000 associates.”

Ohio Valley and the Pacific were the best-performing regions of the country.

The company estimates that it expects comparable sales to increase 3 percent–4 percent over the full year.

(Photo courtesy of J.C. Penney)