March 18, 2013 at 10:36 AM EDT
Penney Shares Rally; Could Store Sublets Save The Day?
Shares of beleaguered retailer J.C. Penney were rallying on signs that new strategies are attracting customers as the company boost rent income. J.C. Penney(JCP) is among the market’s big morning movers, with shares up $1.01, or 6.5%, to $16.50. “Oppenheimer said its store tours over the weekend suggested customers look to be reacting positively to [...]
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