Accessories, apparel & shoes drive JC Penny's Dec sales
06 Jan '06
2 min read
(1) 2005 department store sales have reflected the accounting for a sales returns reserve on a monthly basis. Beginning with the October period, 2004 monthly sales are being shown on a comparable basis with 2005.
Overall, management is pleased with the sales performance through December, which was at planned promotional levels. As a result, management is raising previously announced fourth quarter earnings guidance of $1.58 per share to $1.60 per share.
JC Penney Corporation Inc, the wholly owned operating subsidiary of JC Penney Company Inc is one of America's largest department store, catalog, and e-commerce retailers, employing approximately 150,000 associates.
As of October 29, 2005, JC Penney Corporation, Inc operated 1,017 JCPenney department stores throughout the United States and Puerto Rico.
JCPenney is the nation's largest catalog merchant of general merchandise, and jcpenney.com is one of the largest apparel and home furnishings sites on the Internet.
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