Home / Knowledge / News / Apparel/Garments / JCPenney performs well in northwest region
JCPenney performs well in northwest region
08
Feb '08
J. C. Penney Company Inc comparable department store sales decreased 1.9 percent for the four weeks ended Feb. 2, 2008, compared with guidance for a mid-single digit decrease and a 3.6 percent increase in last year's January period. Total department store sales in January increased 1.7 percent on a four-week basis.

During the January period, the best merchandise performance was in the men's, women's and children's apparel divisions with home and fine jewelry being the weakest. Geographically, the best performance was in the northwest region of the country, with softer results in the southeast. Department stores performance during the month benefited from seasonal clearance activities. In addition, the Company experienced good initial response to spring merchandise assortments.

Total Direct sales increased 3.6 percent on a four-week basis compared with guidance for a mid-single digit decrease and a 1.5 percent decrease last year. Internet sales through www.jcp.com increased 19.1 percent in January on a four-week basis on top of a 23.5 percent increase last year. Internet sales were above expectations and led to improved Direct results for the month.

Including last year's 53rd week, department store sales decreased 16.3 percent and Direct sales decreased 17.7 for this year's four-week period compared to last year's five-week January period.

February Sales and Fourth Quarter Earnings Outlook:
Beginning in fiscal 2008, the Company will change its sales reporting methodology to include Internet sales as part of comparable store sales performance.


Must ReadView All

Textiles | On 22nd Jul 2017

Govt constitutes GST Feedback and Action Room

The Government of India has constituted a Feedback and Action Room...

Textiles | On 22nd Jul 2017

India’s cotton textile exports fell in FY17: Tamta

The overall export of cotton textiles from India declined in 2016-17...

Textiles | On 22nd Jul 2017

Stella McCartney, Bolt Threads partner for eco fashion

Fashion designer Stella McCartney has partnered with Bolt Threads for ...

Interviews View All

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X