Plano (BoerseGo.de) – Shares of U.S. fashion retailer JC Penney on Thursday set can significantly outperform the overall market. Around noon (local time) the paper is in U.S. trade with over 15 percent at 39.53 U.S. dollars plus in full. The reason for the buying frenzy of investors is more optimistic view of the current fiscal year, the company released today.

As the company announced that management expects 2012 adjusted earnings now at the level of fiscal year 2010 of 2.16 U.S. dollars per share. By comparison, the consensus for the fiscal year 2012 is currently at $ 1.25

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the goal to be achieved among others by spending cuts in the amount of 900 million U.S. dollars. In addition, the Group plans through investments in its subsidiaries to further expand sales. In connection with the realignment of the brand area organization and equipment of the stores will be changed fundamentally. In future it will be through the division into individual brand stores clearer and more customer friendly.