JCPenney Provides Holiday Sales Performance Update

J. C. Penney Company, Inc. (NYSE: JCP) announced today that its comparable store sales for the combined nine-week period ending December 30, 2017 increased 3.4 % over the same period last year.  The Company also reaffirmed all components of its most recent full-year financial guidance for fiscal 2017.

“We are very encouraged with our overall comp sales performance during the holiday season, which was led by home, beauty and fine jewelry. Additionally, our apparel categories continue to demonstrate improved comp performance, particularly in women’s and kids. We are also pleased by our e-commerce business that continues to outpace prior year results with double-digit sales growth, largely driven by sought-after gifting categories such as fine jewelry, home decor and luggage, toys, boots and athletic footwear. Our ability to execute e-commerce fulfillment from 100% of our brick and mortar stores helped fuel the growth in e-commerce for the holiday season. We remain confident that our strategic initiatives are taking hold and resonating with customers,” said Marvin R. Ellison, chairman and chief executive officer of JCPenney.

“As we close out fiscal 2017, we remain committed to operating the business for growth, while providing our customers more reasons to shop and experience everything JCPenney has to offer. We look forward to sharing more details about our 2017 fourth quarter performance and full year results as well as our fiscal 2018 expectations during our earnings call planned for March 2nd,” added Ellison.
http://ir.jcpenney.com/phoenix.zhtml?c=70528&p=irol-newsCompanyArticle&ID=2324824

Related Posts

Midland Launches New Digital Paper Catalog for HP Indigo and Toner Technology

Midland Specialty Paper & Film, a division of Midland, is excited to announce the official launch of a new Digital Paper Catalog for HP Indigo and Toner Technology. This comprehensive new catalog provides a unique, powerful single source for all of a printer’s HP Indigo and Toner paper needs. “The new catalog has been in the making for the last 2 years. With all of the changes and challenges in paper supply, we took that time to continue to refine the final product into what is without question, the best paper selection resource for Digital Printers in the industry today” said Mike Ratcliff, President of Midland’s Specialty Paper and Film Division. Midland’s sales organization will be distributing this new catalog to its customers across the country over the coming weeks and months. “The catalog has some unique new tools included to help select the best paper for the printer’s customers”, said David Field, General Manager of Midland’s Specialty Paper and Film Division. “We couldn’t be more excited to get this into our customer’s hands”.

Office Depot, Inc. Announces Second Quarter 2017 Results

Total reported sales for the second quarter of 2017 were $2.4 billion compared to $2.6 billion in the second quarter of 2016, a decrease of 9%. In the second quarter of 2017, Office Depot reported operating income of $46 million and net income of $24 million, or $0.05 per share. Net income from continuing operations was $21 million, or $0.04 per share. In the second quarter of 2016, the company reported operating income of $271 million and net income of $210 million, or $0.38 per share. Net income from continuing operations was $232 million, or $0.41 per diluted share. Results in the second quarter of 2016 benefited from $250 million of income related to the Staples termination fee received in the period. Click Read More below for additional detail.

Costco Wholesale Corporation Reports May Sales Results

Costco Wholesale Corporation reported net sales of $19.64 billion for the retail month of May, the four weeks ended June 2, 2024, an increase of 8.1 percent from $18.16 billion last year. Net sales for the first 39 weeks were $186.07 billion, an increase of 6.9 percent from $174.07 billion last year.
Back To Top
×Close search
Search