MarketWatch.com - Top Stories - Mar 03, 2010J. C. Penney Company, Inc. (JCP)
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Ken Perkins
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Retail Metrics, TJX Cos ( TJX 40.98 , 0.10 , 0.24% ) and
J. C. Penney, have headed higher, Retail Metrics data showed."Multiple
snow storms wreaked havoc in much of the U. S., particularly in the first part of the month but traffic rebounded and spending looked to have been solid as new early spring sets hit the floors," said Ken Perkins of research firm Retail Metrics. To be sure, analysts caution investors shouldn't read too much into results from February, which they said represent about a quarter of sales in the first quarter and is one of the smallest months of the year alongside January. Industry giant Wal Mart Stores Inc ( WMT 53.55 , 0.04 , 0.07% ) no longer reports monthly sales.
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, TJX Cos ( TJX 40.98 , 0.10 , 0.24% ) and <span class="company">J. C. Penney,</span> have headed higher, Retail Metrics data showed."Multiple<span class="sent"> snow storms wreaked havoc in much of the U. S., particularly in the first part of the month but traffic rebounded and spending looked to have been solid as new early spring sets hit the floors," said <span class="analyst">Ken Perkins</span> of research firm Retail Metrics.</span> To be sure, analysts caution investors shouldn't read too much into results from February, which they said represent about a quarter of sales in the first quarter and is one of the smallest months of the year alongside January. Industry giant Wal Mart Stores Inc ( WMT 53.55 , 0.04 , 0.07% ) no longer reports monthly sales.
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