• Linkdin
Maximize your media exposure with Fibre2Fashion's single PR package  |   Know More

JCPenney posts weak sales in March

11 Apr '08
1 min read

J. C. Penney Company Inc comparable store sales decreased 12.3 percent for the five weeks ended April 5, 2008, consistent with the Company's most recent guidance. This compares with an 11.0 percent increase in last year's period. Total sales in March decreased 10.3 percent.

Sales declines during the month were broad-based across most merchandise categories and areas of the country, including soft sales over the Easter period. Customers are responding positively to new American Living product across all categories in which it is available, and Sephora inside JCPenney continues to experience strong sales results.

April Sales Outlook:
Management's guidance for the four-week period ending May 3, 2008, is for a mid- to high-single digit decrease in comparable store sales, compared to a 3.4 percent decrease in last year's April period.

This guidance reflects the expectation for a continuation of recent trends and the benefit from an extra day of selling in this year's April period.

J. C. Penney Company Inc

Leave your Comments

Esteemed Clients

TÜYAP IHTISAS FUARLARI A.S.
Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
TEXVALLEY MARKET LIMITED
TESTEX AG, Swiss Textile Testing Institute
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
Taiwan Textile Federation (TTF)
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
Stahl Holdings B.V.,
Advanced Search