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WWD 11/16/2005

WWD 11/16/2005

More Sunshine: Penney's Profits Soar, Sees Solid Holiday

A day after Wal-Mart expressed optimism about the holiday season, Penney's leaped in with a similar view about business over the next six weeks. On a conference call with investors, Ken Hicks, described the company's outlook as "cautiously optimistic."

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