Shareholders of Disney (NYS: DIS) have reason to cheer today. While the entertainment company's stock is marginally lower in intraday trading, down approximately nine basis points, it was the top stock yesterday on the Dow Jones Industrial Average (INDEX: ^DJI) , up well over 1%.

Why the move?The uptick was tied to a report in Women's Wear Daily that the company will partner with J.C. Penney (NYS: JCP) to open more than 500 in-store boutiques featuring Disney products designed exclusively for the retail giant. According to one account, "The Disney shops will average 750 sq. ft. to 1,100 sq. ft. and sell costumes, plush toys, figurines, footwear, sleepwear, underwear, backpacks, lunch totes and apparel for boys, girls and babies."

In response to the news, Swiss bank Credit Suisse raised its price target on Disney to $58 a share from $56. It currently trades for $52.66.

The partnership is part of J.C. Penney's ongoing "transformation," orchestrated by its new chief executive officer, Ron Johnson, who formerly led the retail division at Apple.

Under Johnson's brief stewardship, the retailer has ditched its coupon-centric pricing model in favor of "everyday low prices" -- the move was accompanied by an extensive ad campaign featuring Ellen DeGeneres -- and is remaking its stores to resemble an amalgamation of separately-branded boutiques by the likes of Levi's, Liz Claiborne, and Disney, among others.

In language reminiscent of his days at Apple, Johnson noted that: "All those boutiques are the apps. What J.C. Penney is creating is a new interface."

The recent success of these fresh bedfellows couldn't be more different. At Disney's last earnings release, it reported upbeat revenue and net income figures, growing the latter by 24% from the same period a year ago. Meanwhile, J.C. Penney reported same-store sales decreases in excess of 20%, and a net loss of $81 million

Read the full story here:  http://www.dailyfinance.com/2012/09/20/disney-and-jc-penney-join-forces