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J. C. Penney and Stein Mart sales down

Staff Writer |
J. C. Penney's comparable store sales for the combined nine-week November and December period resulted in a 0.8 percent decline over the same period last year.

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That equates to a 3.1 percent positive two-year stack of comparable store sales for the same time period. The company also reaffirmed its full-year EBITDA target of $1 billion for fiscal 2016.

Stein Mart said that its comparable store sales for the nine-week period ended December 31, 2016 decreased 4.8 percent and total sales decreased 1.9 percent compared to the same period last year.

Stein Mart is scheduled to report fourth quarter sales and earnings prior to the opening of the U.S. financial markets on Thursday, March 9, 2017.

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