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J.C. Penney sales beat, helped by home goods and Sephora
November 13, 2015 by publisher · Leave a Comment
Macy's Inc and Nordstrom Inc , whose customers tend to be more affluent than Penney's, both cut their full-year forecasts this week after reporting disappointing results. J.C. Penney's gross margin rose by 70 basis points to 37.3 percent, helped by improved clearance and promotional selling margins as well as supply chain efficiencies. Net sales rose 4.8 percent to $2.90 billion.
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J.C. Penney sales beat, helped by home goods and Sephora