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JCPENNEY SALES UP 9.8 PERCENT IN MAY

 JCPENNEY SALES UP 9.8 PERCENT IN MAY
 DALLAS, June 4 /PRNewswire/ -- Sales of JCPenney (NYSE: JCP) stores


for the four weeks ended May 30, 1992, increased 9.8 percent to $882 million from $803 million in the 1991 period. On a comparable store basis, that is stores open at least a year, sales increased 8.8 percent.
 Commenting on May business, Chairman of the Board William R. Howell said that apparel sales continued to advance sharply throughout the United States. The strongest gains were achieved by children's apparel, followed closely by women's merchandise, most notably sportswear and dresses, which benefited from strong Mother's Day results. Home division sales, particularly of bedding and window coverings, demonstrated improvement. While catalog volume rose modestly, demand for hardline merchandise for the home continues to lag.
 For the 17 weeks ended May 30, 1992, sales of JCPenney stores were up 11.8 percent to $3,689 million from $3,300 million for the same period a year earlier. On a comparable store basis, sales increased 10.8 percent.
 JCPENNEY
 Sales Summary
 ($ in millions)
 Per cent
 Period ended Increase(Decrease)
 May 30, June 1, All Comparative
 1992 1991 Units Units
 4 weeks
 JCPenney stores $ 882 $ 803 9.8 8.8
 Catalog 213 208 2.9
 Drug stores 100 88 14.4 10.8
 Total Company $ 1,195 $ 1,099 8.9
 Per cent
 Period ended Increase(Decrease)
 May 30, June 1, All Comparative
 1992 1991 Units Units
 17 weeks
 JCPenney stores $ 3,689 $ 3,300 11.8 10.8
 Catalog 910 905 0.6
 Drug stores 427 379 12.8 9.2
 Total Company $ 5,026 $ 4,584 9.6
 -0- 6/4/92
 /CONTACT: Duncan Muir of JCPenney, 214-591-1329/
 (JCP) CO: JCPenney ST: Texas IN: REA SU:


TQ -- NY021 -- 6923 06/04/92 09:38 EDT
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Publication:PR Newswire
Date:Jun 4, 1992
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