Printer Friendly

JCPENNEY SALES UP 12.3 PERCENT IN DECEMBER

 PLANO, Texas, Jan. 6 /PRNewswire/ -- Total sales for J. C. Penney Company, Inc. (NYSE: JCP) for the five weeks ended Jan. 1, 1994, increased 12.3 percent to $3,353 million from $2,985 million in the comparable 1992 period.
 Sales of JCPenney stores for the month increased 10.4 percent to $2,637 million from $2,388 million in last year's period. On a comparable store basis, that is stores open at least a year, sales increased 10.0 percent.
 William R. Howell, chairman of the board, said that the strategy of offering high quality, value-oriented merchandise together with increased advertising led to sales significantly above plan during the period. He noted that the sales gains for the prior year period represented increases of 10.3 percent and 13.9 percent for JCPenney stores and catalog, respectively, All merchandise divisions - women's, men's, children's, and home - and catalog registered strong gains in the month. Among the exceptional performers in stores were women's sportswear, sleepwear, and shoes; jewelry; men's sportswear; athletic and boys' apparel; bedding and bath accessories; window coverings; and furniture. In catalog, which achieved a 26.4 percent gain, the standouts were women's and men's sportswear, electronics, and toys.
 For the 48 weeks ended Jan. 1, 1994, sales of JCPenney stores were up 5.8 percent to $13,404 million from $12,668 million for the same period a year earlier. On a comparable store basis, sales increased 5.3 percent.
 J.C. PENNEY COMPANY, INC.
 Sales Summary
 ($ in millions)
 Percent
 Period ended Increase(Decrease)
 Jan. 1, Jan. 2, All Comparative
 1994 1993 Units Units
 5 weeks
 JCPenney stores $ 2,637 $ 2,388 10.4 10.0
 Catalog 552 436 26.4
 Drug stores 164 161 2.3 7.0
 Total Company $ 3,353 $ 2,985 12.3
 Percent
 Period ended Increase(Decrease)
 Jan. 1, Jan. 2, All Comparative
 1994 1993 Units Units
 48 weeks
 JCPenney stores $13,404 $12,668 5.8 5.3
 Catalog 3,268 2,911 12.3
 Drug stores 1,303 1,250 4.2 6.7
 Total Company $17,975 $16,829 6.8
 -0- 1/6/94
 /CONTACT: Duncan Muir of J.C. Penney, 214-431-1329/
 (JCP)


CO: JCPenney Company, Inc. ST: Texas IN: REA SU: ERN

SH-SP -- NY011 -- 9644 01/06/94 08:35 EST
COPYRIGHT 1994 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1994 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jan 6, 1994
Words:383
Previous Article:USAIR OFFERS FREE COMPANION FARES PLUS FREQUENT TRAVELER PROGRAM MILEAGE FOR FREE COMPANIONS ON MANY NORFOLK, NEWPORT NEWS, GREENSBORO FLIGHTS
Next Article:SEGA OF AMERICA URGES CONGRESS TOWARDS PRIVATE SECTOR RATING SYSTEM FOR VIDEO GAMES
Topics:

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