The Traderszone Network

Published in TZ Latest News 28 May, 2016 by The TZ Newswire Staff

J.C. Penney’s Move Into Appliances Will Hurt Best Buy and Sears

Earlier this year, J.C. Penney (NYSE: JCP) said that it would test selling appliances in three markets beginning in February. The test was extremely successful, adding several percentage points to J.C. Penney’s comp sales growth in those stores, bringing in new customers, and spurring lots of credit card sign-ups.

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