J. C. Penney Co. Inc., Target Corp, Costco Wholesale Corp and Kohl's Corp. were the four retailers that reported better than expected sales in the month of November, on Thursday.
The shares of J. C Penny gained two percent or sixty nine cents to figure thirty four dollars and forty cents as seen at the midday trading. It emerged out to be a winner.
According to the department store operator of Plano Texas the revenue of the stores that opened at least once in one tear went up by 9.2% against the 3.1% hike that was expected from the month by the Wall Street. This figure can give indication on the health of retailers. It measures growth of the existing stores and not from its expansion.
Dillard’s Inc is another department store to be benefited from the strong sales of November. The chain based on Little Rock of Ark reported a revenue gain of eight percent at its stores that opened at least once in one year which is more than the expectation of three percent of the analysts.
The chain’s shares were up by one dollar and ninety four cents equivalent to six percent to hit the figure of thirty four dollars just below a new fifty two-week high, which was thirty four dollars and twenty cents seen in the earlier part of this year.
On the other hand though Macy’s Inc posted a boost of 6.1% than the analyst’s expectations of five percent still its shares went down by forty four cents to hit the figure of twenty five dollars and thirty six cents seen at the midday trading.
Wal-Mart Stores Inc fell down shedding five cents to reach the figure of fifty four dollars and sixty five cents.












