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JCPENNEY REPORTS SALES

 JCPENNEY REPORTS SALES
 DALLAS, May 7 /PRNewswire/ -- Sales of JCPenney (NYSE: JCP) stores


for the four weeks ended May 2, 1992, increased 15.6 per cent to $985 million from $852 million in the 1991 period. On a comparable store basis, that is stores open at least a year, sales increased 14.5 per cent.
 Commenting on April business, Chairman of the Board William R. Howell said that sales in all merchandise divisions continued to increase significantly throughout the country. The results reflected good demand for family Easter apparel, notably children's and men's wear.
 For the 13 weeks ended April 25, 1992, sales of JCPenney stores were up 12.9 per cent to $2,772 million from $2,455 million for the same period a year earlier. On a comparable store basis, sales increased 12.0 per cent.
 Sales Summary
 ($ in millions)
 Per cent
 Period ended Increase(Decrease)
 May 2, May 4, All Comparative
 1992 1991 Units Units
 4 weeks
 JCPenney stores $ 985 $ 852 15.6 14.5
 Catalog 198 214 (7.6)
 Drug stores 102 85 19.2 15.2
 Total Company $ 1,285 $ 1,151 11.5
 Per cent
 Period ended Increase(Decrease)
 Apr. 25, Apr. 27, All Comparative
 1992 1991 Units Units
 13 weeks
 JCPenney stores $ 2,772 $ 2,455 12.9 12.0
 Catalog 695 688 1.1
 Drug stores 326 290 12.3 8.6
 Total Company $ 3,793 $ 3,433 10.5
 -0- 05/07/92
 /CONTACT: Duncan Muir of JCPenney, 214-591-1329/
 (JCP) CO: JCPenney ST: Texas IN: REA SU:


JP -- NY027 -- 7582 05/07/92 11:25 EDT
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:May 7, 1992
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