Home / Knowledge / News / Apparel/Garments / JC Penney's merchandise division sales achieves target

JC Penney's merchandise division sales achieves target

10
Jul '06
J. C. Penney Company Inc total department store sales increased 5.0 percent for the five weeks ended July 1, 2006. On a comparable store basis, sales increased 4.3 percent, on top of a 7.4 percent increase in last year's period.

All merchandise divisions had sales gains, with the best divisional performances in children's, fine jewelry and women's accessories. Additionally, men's and women's casual sportswear performed well. Geographically, all regions had sales gains with the best results in the western and southeastern regions of the country.

Direct sales increased 6.0 percent during the period on top of a 9.1 percent increase last year. Internet sales through jcp.com continue to represent the Company's fastest growing sales channel, increasing approximately 27 percent in June, on top of a 40 percent increase last year.

July Sales Guidance
For the four-week July period, management expects comparable department store sales to increase low single digits and Direct sales to be flat to up slightly. In last year's July period, comparable department store and Direct sales increased 1.6 percent and 4.0 percent, respectively.

Earnings Outlook
Based on sales and operating performance trends through the June period, management is raising second quarter guidance for earnings from continuing operations to approximately $0.65 per share, an increase of $0.03 per share from previous guidance. This new guidance reflects improved operating profitas well as lower than anticipated net interest expense. With this increase, full year 2006 earnings from continuing operations are expected to be in the range of $4.29 to $4.39 per share.


Must ReadView All

Pic: Shutterstock

Textiles | On 22nd Feb 2020

Pharr sells Pharr High Performance to Coats Group

Pharr, a provider of differentiated textile products and assorted...

Pic: Shutterstock

Textiles | On 22nd Feb 2020

TOAI highlights importance of textiles in auto industry

The first edition of the conference 'Textile Opportunities in a...

Pic: Shutterstock

Textiles | On 22nd Feb 2020

Cocona's 37.5 fibres to have new biodegradable additive

All of the 37.5 staple fibres and filament yarns by Cocona, will now...

Interviews View All

Luke Otten, Wigwam Mills Inc

Luke Otten
Wigwam Mills Inc

Wigwam aims to recycle discarded yarn that doesn’t make it through the...

Top executives, Textile industry

Top executives
Textile industry

It will take some time for the people to change their buying choices

Top executives, Machinery Company

Top executives
Machinery Company

We will promote latest technologies at ITMA Barcelona

Luca Formentini,

Luca Formentini

From the very beginning, Loris Bellini's aim was to produce dyeing...

Atul Mittal,

Atul Mittal

Established in 1997, Pratibha Syntex produces over 60 million pieces of...

Martina Giorgetti,

Martina Giorgetti

Italy-based Cibitex is a manufacturer of textile finishing machinery,...

Kazuaki Yazawa, Purdue University

Kazuaki Yazawa
Purdue University

Scientist <b>Kazuaki Yazawa</b> has developed thermoelectric semiconductor ...

Asif Rahman, MIP

Asif Rahman
MIP

MIP is a manufacturer and distributor of high-performance textiles and...

Melissa Tate, University of New South Wales

Melissa Tate
University of New South Wales

<div><div><div><div><b>Melissa Tate</b>, a well-known scientist currently...

Joe Ikareth, Joe Ikareth

Joe Ikareth
Joe Ikareth

<b>Joe Ikareth</b> has a rock-solid fashion and textiles background, which ...

Anisha Chaudhari, Threads & Shirts

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

Bani Batra,

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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

Leave your Comments


February 2020

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


Advanced Search