JCPenney Provides Holiday Sales Performance Update

Company delivers a 3.4 percent comp sales increase for the combined nine-week period ending Dec. 30, 2017.

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

JCPenney and Jessica Milagros Make a Splash with Trendy Boutique Plus Swimwear Collection

As one of the fastest-growing categories in retail, JCPenney has been designing and developing plus-size apparel for years and is committed to offering plus-size garments that are flattering, functional and stylish.

Originally Published by JCPenney.

We're giving women a new reason to hit the beach with confidence this summer with the debut of our very own Boutique Plus swimwear line specifically designed for the full-figured woman. As one of the fastest-growing categories in retail, JCPenney has been designing and developing plus-size apparel for years and is committed to offering plus-size garments that are flattering, functional and stylish.

Read More Show Less

JCPenney Scores Big with Launch of Fanatics Shops

Popular Online Sports Fan Shop Makes its Brick and Mortar Debut.

Originally Published by JCPenney.

JCPenney has partnered with Fanatics, Inc., the global leader for officially licensed sports merchandise, to launch Fanatics shops designed to entice loyal sports fans to see and buy the latest and most popular team apparel right inside their local JCPenney store. Just in time for Father's Day, customers can now find Fanatics shops exclusively in 325 JCPenney stores, featuring a curated selection of local collegiate and professional sports team merchandise for men, women and children, representing all major sports leagues. Building on the Company's existing partnership with Fanatics for the retailer's online Sports Fan Shop, JCPenney plans to introduce approximately 325 additional Fanatics destinations by the back-to-school season for a total of 650 shops.

Read More Show Less

Howard Schultz Steps Down as Chairman of Starbucks

From the #RaceMatters campaign in 2015 to optional racial-sensitivity training last week, Starbucks is failing in diversity and inclusion.

REUTERS

Howard Schultz is stepping down as executive chairman of Starbucks, the company announced in a press release Monday.

Read More Show Less