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November 07, 2013 AT 9:37 AM
J.C. Penney is managing a rally on what may be the beginning of the end of bad news. That seems too good to be true, after the endless waves of bad news we have seen here. The struggling retailer has reported "meaningful progress in its turnaround" and its same-store sales were positive in October. The formal number on same-store sales increased 0.9% in October. This is listed as a 490 basis point increase over September