Home / Knowledge / News / Apparel/Garments / JC Penney reports 11.1% rise in May same-store sales

JC Penney reports 11.1% rise in May same-store sales

Jun '06
Department store chain JC Penney Company Inc has reported that its total department store sales increased 11.2 percent for the four weeks ended May 27th 2006.

On a comparable store basis, sales increased 11.1 percent, well above guidance for a low single digit sales increase. In the same period last year, comparable store sales increased 2.9 percent.

All merchandise divisions had at least high-single digit sales gains for the period with particularly strong results surrounding Mother's Day. The best divisional performance came from fine jewelry, women's accessories, children's apparel and family shoes.

The company also saw strength in apparel sales, particularly in women's dresses and casual sportswear categories. Geographically, all regions of the country generated double digit sales gains.

Direct sales increased 1.6 percent during the period surpassing initial guidance for sales to be about flat. In the same period last year, Direct sales increased 7.8 percent. Internet sales through jcp.com continue to represent the company's fastest growing sales channel, increasing approx. 25 percent in May, on top of a 35 percent increase in last year's period.

For the month of June, management expects both comparable department store and Direct sales to increase slightly, given the strength last year. In last year's June period, comparable department store and Direct sales increased 7.4 percent and 9.1 percent, respectively.

While still early in the quarter, based on sales performance in the May period, management is raising guidance for earnings from continuing operations in the second quarter by $0.02 per share to approx. $0.62 per share, up from previous guidance of approximately $0.60 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 approx. 151,000 associates.

JC Penney Company Inc

Must ReadView All

Pic: Dong Nhat Huy / Shutterstock.com

Textiles | On 17th Jan 2022

Vietnamese parliament approves economic stimulus package for recovery

The first extraordinary session of Vietnam’s 15th National Assembly...

Pic: Dreamstime.com

Textiles | On 17th Jan 2022

Industrial production up by 2.3% in euro area, 2.5% in EU: Eurostat

In November 2021, the seasonally adjusted industrial production rose...

Pic: Shutterstock

Textiles | On 17th Jan 2022

Inflation in China tame in 2021 amid stable economy

China's inflation largely remained tame throughout 2021—barring a...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Consistency is the first rule of social media

Florian Heubrandner, Lenzing AG

Florian Heubrandner
Lenzing AG

Sustainable and eco-friendly fibres remain in the minority

Textile Industry, Head honchos

Textile Industry
Head honchos

Trainers faced immense challenges as most were not tech-savvy

Richard Armitage,

Richard Armitage

Adaptive Control automates, controls and monitors machines, systems and...

Shivaani Jain,

Shivaani Jain

Established in 2015, Once Upon A Trunk is a one-stop-shop with almost...

Yawer Ali Shah,

Yawer Ali Shah

Synthetic colours and dyes were all the rage till the very first ban on...

Ingo Soller, TWE Group

Ingo Soller
TWE Group

The TWE Group is one of the leading global players in the nonwovens...

Suresh Patel, Non Woven Federation of India

Suresh Patel
Non Woven Federation of India

The Non Woven Federation of India (NWFI), representing the regional...

Sanjay Raut, Garware Technical Fibres Ltd

Sanjay Raut
Garware Technical Fibres Ltd

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

Manish Malhotra, Label Manish Malhotra

Manish Malhotra
Label Manish Malhotra

A multitalented designer and founder of an eponymous label, Manish...

Ramya Rao & Kavea R Chavali, Kalaneca

Ramya Rao & Kavea R Chavali

<div>The journey of Kalaneca (kala-Art, Neca- Nikaah) formally began in...

Bav Tailor, Label Bav Tailor

Bav Tailor
Label Bav Tailor

Born in London and Indian by origin, <b>Bav Tailor </b>is the Founder of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments


Desigual - ABASIC, S.A.
Alison Hayes Romania
Maceton Limited
Under Armour Global Sourcing Ltd
KAS Direct Sourcing
Arvind Limited
Aramark Uniform ;& Career Apparel, LLC
Chori Company Limited
LC Waikiki
Tory Burch Hong Kong Ltd
Lacoste (Wanchai)
G-Star Raw C.V.
Recron Polyester from Reliance Industries Limited
J ;& P Coats
Lisa S.P.A.

January 2022

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

Advanced Search