JCPenney Provides Holiday Sales Performance Update

J.C. Penney Company, Inc. (a DiversityInc Noteworthy Company) has announced that its comparable store sales for the combined nine-week period ending Dec. 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.

Learn about career opportunities at JCPenney

Leave a Comment

Your email address will not be published. Required fields are marked *

*

Latest News

Reed

Steven Reed Sworn in As Montgomery’s First Black Mayor

Montgomery, Alabama now has its first Black mayor in history after Steven Reed was sworn into office on Tuesday morning in the city that birthed the civil rights movement. Reed was sworn into office at the Montgomery Performing Arts Centre, the Montgomery Advertiser reported, because so many people wanted to…

webcam

Trump Administration Plans to Livestream Building of Border Wall

Senior officials in the Trump administration want to put in webcams to livestream building parts of the border wall. The Washington Post reported that Jared Kushner and other senior White House officials are going against objections from the U.S. Army Corps of Engineers and senior U.S. Customs and Border Protection…