Fourth quarter total department store sales increased 4.2 percent and comparable department store sales increased 2.6 percent. Sales were generally positive throughout the store with the best regional performance in the southeastern and western regions of the country.
During the quarter, Direct (catalog/Internet) sales increased 3.7 percent, with sales for www.jcp.com increasing approx. 22 percent. For the full year, Internet sales increased nearly 28 percent and, as previously announced, surpassed the $1 billion mark. Total net sales for the fourth quarter were $6.2 billion.
Fourth quarter operating profit was $655 million, a 14.5 percent increase from last year's $572 million.
For the full year, operating profit increased 22.5 percent to $1,577 million on approx. $18.8 billion in net sales.
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 approx. 150,000 associates.
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