UPDATE: J. C. Penney Company, Inc. Provides Update on Progress of Turnaround

J. C. Penney Company, Inc. (NYSE: JCP ) (the "Company") today reported that it is making solid progress in its turnaround and provided an update on the Company's operating performance and key initiatives underway to return to profitable growth. Myron E. (Mike) Ullman, III, Chief Executive Officer of JCPenney, said, "Reconnecting