Finance

J.C. Penney’s quarterly sales rise 2.5 percent

Customers ride the escalator at a J.C. Penney store in New York August 14, 2013. REUTERS/Brendan McDermidThomson ReutersCustomers ride the escalator at a J.C. Penney store in New York

(Reuters) – Department store operator J.C. Penney Co Inc reported a better-than-expected quarterly revenue, helped by strong sales at it its Home, Sephora, Footwear and Handbags divisions.

Sales for the quarter rose 2.5 percent to $4 billion.

The company reported a loss of $131 million, or 43 cents per share, in the fourth quarter ended Jan. 30, compared with a loss of $35 million, or 11 cents per share, a year earlier.

(Reporting by Sruthi Ramakrishnan and Rishika Sadam in Bengaluru; Editing by Gopakumar Warrier)

Read the original article on Reuters. Copyright 2016. Follow Reuters on Twitter.

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