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Shares of J.C. Penney (JCP +4.3%) get a lift with positive comments out from Oppenheimer and...

Shares of J.C. Penney (JCP +4.3%) get a lift with positive comments out from Oppenheimer and reports saying customer traffic was strong last weekend. An exec with the retailer noted in-season markdowns on coats and jackets were due to an unseasonably warm November that slowed sales of the items. It's the kind of grounded comment Wall Street has been looking for after the dreamy rhetoric of Ron Johnson over the last year has worn thin.
Comments (3)
  • bakmanone
    , contributor
    Comments (38) | Send Message
     
    Our store was like a madhouse (Chicago Market). Wow what a great change from the past weekends.
    11 Dec 2012, 11:22 AM Reply Like
  • gmom3
    , contributor
    Comments (132) | Send Message
     
    Our store has been like that for more then just one weekend. It is getting that way during the week now, too. Marked down coats has not been a reason that the traffic keeps getting more in numbers. Ours has been steadily increasing since Back to School in August and since BF has been "like the old days" in regards to traffic.
    11 Dec 2012, 12:19 PM Reply Like
  • cassco
    , contributor
    Comment (1) | Send Message
     
    It was terrible shopping at JCP, no help at all.
    19 Dec 2012, 04:15 AM Reply Like
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