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J C Penney holiday season sales rise 3.7%, stock jumps 20%

Thursday, January 8, 2015 - 05:50

New York

DEPARTMENT store operator J C Penney Co Inc said same-store sales rose 3.7 per cent in November and December, boosting its shares and offering a glimpse of what is expected to be the best holiday season for retailers since 2011.

Shares of J C Penney, the first major