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JCPENNEY SALES UP 8.5 PERCENT

 JCPENNEY SALES UP 8.5 PERCENT
 PLANO, Texas, Nov. 5 /PRNewswire/ -- Sales of JCPenney (NYSE: JCP)


stores for the four weeks ended Oct. 31, 1992, increased 8.5 percent to $1,117 million from $1,029 million in the 1991 period. On a comparable store basis, that is stores open at least a year, sales increased 7.3 percent.
 William R. Howell, chairman of the board, said sales were above plan for the month, despite a shorter credit promotion period as compared with last year. The company's merchandise mix continues to represent good value, quality, and fashionability for today's consumer. He added that the mix provided consistent sales gains throughout the country in catalog, children's, women's and men's apparel, and furniture.
 Fiscal third quarter 1992 sales of JCPenney stores increased 11.5 percent to $3,224 million from $2,891 million in 1991. On a comparable store basis, sales increased 10.5 percent. For the 39 weeks ended Oct. 24, 1992, sales of JCPenney stores were up 11.9 percent to $8,820 million from $7,884 million for the period a year earlier. Same JCPenney store sales were up 10.7 percent.
 JCPenney
 Sales Summary
 ($ in millions)
 Percent
 Period ended Increase(Decrease)
 Oct. 31, Nov. 2, All Comparative
 1992 1991 Units Units
 4 weeks
 JCPenney stores $ 1,117 $ 1,029 8.5 7.3
 Catalog 267 240 11.0
 Drug stores 105 92 14.9 12.8
 Total company $ 1,489 $ 1,361 9.4
 Percent
 Period ended Increase(Decrease)
 Oct. 24, Oct. 26, All Comparative
 1992 1991 Units Units
 13 weeks
 JCPenney stores $ 3,224 $ 2,891 11.5 10.5
 Catalog 789 757 4.3
 Drug stores 329 289 13.9 12.2
 Total company $ 4,342 $ 3,937 10.3
 39 weeks
 JCPenney stores $ 8,820 $ 7,884 11.9 10.7
 Catalog 2,126 2,081 2.2
 Drug stores 987 861 13.6 10.9
 Total company $11,924 $10,826 10.1
 -0- 11/5/92
 /CONTACT: Duncan Muir of JCPenney, 214-591-1329/
 (JCP) CO: JCPenney ST: Texas IN: REA SU:


AH -- NY022 -- 2908 11/05/92 09:25 EST
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Nov 5, 1992
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