Printer Friendly

JCPENNEY REPORTS JULY SALES UP 10.4

                JCPENNEY REPORTS JULY SALES UP 10.4
    DALLAS, Aug. 6 /PRNewswire/ -- Sales of JCPenney (NYSE: JCP) stores


for the four weeks ended Aug. 1, 1992, increased 10.4 percent to $870 million from $788 million in the 1991 period. On a comparable store basis, that is stores open at least a year, sales increased 9.7 percent.
    Commenting on July business, Chairman of the Board William R. Howell said that consistent sales gains continued throughout the country in all merchandise divisions.  Women's was the strongest division, led by dresses and sportswear. Additional good performers were athletic apparel and men's sportswear, infant's apparel, and fashion home furnishings. Howell added that shoppers responded favorably to Fall merchandise during the period.
    For the 13 weeks ended July 25, 1992, sales of JCPenney stores were up 11.3 percent to $2,824 million from $2,538 million for the same period a year earlier.  On a comparable store basis, sales increased 10.6 percent. For the company's fiscal 26 weeks ended July 25, 1992, sales of JCPenney stores rose 12.1 percent to $5,596 million from $4,993 million in 1991.  On a comparable store basis, sales increased 11.3 percent.
                                JCPENNEY
                              Sales Summary
                           (Dollars in millions)
                                                    Percent Change
    Four weeks ended             8/1/92   8/3/91   All    Comparative
                                                   Units  Units
    JCPenney stores             $   870  $   788   10.4    9.7
    Catalog                         185      196   (5.6)    --
    Drug stores                      97       86   12.6   12.0
    Total Company               $ 1,152  $ 1,070    7.6     --
                                                    Percent Change
    13 weeks ended               7/25/92  7/27/91  All    Comparative
                                                   Units  Units
    JCPenney stores             $ 2,824  $ 2,538   11.3   10.6
    Catalog                         642      636    0.8     --
    Drug stores                     323      282   14.7   11.9
    Total Company               $ 3,789  $ 3,456    9.6     --
    26 weeks
    JCPenney stores             $ 5,596  $ 4,993   12.1   11.3
    Catalog                       1,337    1,324    0.9     --
    Drug stores                     649      572   13.5   10.2
    Total Company               $ 7,582  $ 6,889   10.1     --
    -0-                    8/6/92
    /CONTACT:  Duncan Muir of JCPenney, 214-591-1329/
    (JCP) CO:  JCPenney ST:  Texas IN:  REA SU: SM -- NY019 -- 7447 08/06/92 09:17 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Aug 6, 1992
Words:356
Previous Article:SEARS REPORTS JULY SALES
Next Article:MOBIL REFINERY TAKES TOP AWARD FOR CALIFORNIA SAFETY
Topics:


Related Articles
J.C.PENNEY REPORTS 70.1 PERCENT INCREASE IN FIRST QUARTER NET INCOME
J.C.PENNEY REPORTS 70.1 PERCENT INCREASE IN FIRST QUARTER NET INCOME
JCPENNEY ANNOUNCES SALES FOR FIVE WEEKS ENDED JULY 4, 1992
JCPENNEY STORE SALES REFLECT PROMOTIONAL SHIFT; CATALOG VOLUME RISES SHARPLY IN JULY
JCPENNEY SALES UP 12.3 PERCENT IN DECEMBER
JCPENNEY SALES RISE 4.9 PERCENT IN JULY; CATALOG ACHIEVES 4.7 PERCENT GAIN; STORE SALES GAIN AT 3.6 PERCENT
JCPENNEY SALES RISE 3.4 PERCENT IN JUNE
JCPenney Reports September Sales.
JCPenney Reports 6.6 Percent Increase in Sales; Comparable Department Store Sales Decreased 2.3 Percent; Comparable Drug Store Sales Increased 10.3...
FINANCIAL BRIEFS.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters