JCPenney reports May decrease; sales up for Target
J. C. Penney Co., Plano, Texas, says comparable store sales decreased 1.8 percent for the four weeks ended May 29, 2010, while total sales decreased 2.1 percent. May sales results were generally in line with the Company’s expectations for the month, and management continues to expect second quarter comparable store sales to increase in the [...]
JCPenney reports first quarter increases
J. C. Penney Co. Inc., Plano, Texas, reported fiscal first quarter results that were better than initial expectations and showed further improvement in operating income margin. Net income for this year’s first quarter increased 140 percent to $60 million versus $25 million last year. Total sales in the first quarter increased 1.2 percent compared to [...]
JCPenney sets 20 percent energy reduction goal
J. C. Penney Co. Inc., Plano, Texas, announced an environmental goal to reduce facility energy consumption 20 percent per gross square foot by 2015 through increasing energy efficiency improvements and driving a company culture which advocates and practices conservation. Over the past decade, the Company has invested more than $130 million to improve the energy [...]
JCPenney announces plans to increase sales by $5 billion by 2014
At its 2010 analyst/investor meeting in New York, N.Y., this week, J.C. Penney Co. Inc., Plano, Texas, set out transformation plans and announced new five-year operational and financial targets, which reflect a focus on driving profitable, top-line growth and expanding market share. Myron E. (Mike) Ullman III, chairman and chief executive officer, said, “It’s a [...]
Retailers announce March sales increases
Costco Wholesale Corp., Issaquah, Wash., reported net sales of $7.14 billion for the month of March, the five weeks ended April 4, 2010, an increase of twelve percent from $6.40 billion in the same five-week period last year. This year’s five-week period for March included 34 days of sales compared to 35 last year; Easter [...]
Despite secrecy efforts, JC Penney revealed as hacking victim
Reuters reports J.C. Penney Co. Inc., Plano, Texas, was identified as a victim of notorious computer hacker Albert Gonzalez, according to unsealed documents made available on Monday by a federal judge in Boston, Mass. Gonzalez was sentenced to 20 years in prison for leading a ring that stole more than 40 million payment card numbers [...]
JCPenney reports November sales decrease
J. C. Penney Co. Inc., Plano, Texas, reported comparable store sales for the four-week period ended Nov. 28, 2009, decreased 5.9 percent, in-line with the Company’s guidance for sales to decrease 4 to 7 percent. In last year’s November period, comparable store sales decreased 11.9 percent. Total Company sales in November decreased 5.2 percent. Strong [...]
JCPenney extends “Cyber Monday” to two-day online sale
J. C. Penney Co. Inc., Plano, Texas, will offer its Cyber Monday online specials a day earlier this year, making Sunday, Nov. 29 to Monday, Nov. 30, JCPenney’s biggest online in company history. The two-day online sale will feature special offers — exclusive to jcp.com — on more than 30,000 items. Designed to enhance customers’ [...]
JCPenney discontinues “big book” catalog
J. C. Penney Co. Inc., Plano, Texas, is reshaping the way it engages with customers through an integrated marketing approach that incorporates stores, catalogs, online applications and emerging digital marketing platforms, including social media. Increasingly, catalog shopping has converged with online and in-store shopping as customers view catalogs as “look books” and inspiration sources for [...]
JCPenney recognized for sustainability efforts
J. C. Penney Co. Inc., Plano, Texas, was named to the 2009 Dow Jones Sustainability Index (DJSI) of the leading companies in North America for corporate sustainability, and has also ranked No. 44 in Newsweek magazine’s inaugural Green Rankings, which selected the 500 “Greenest Big Companies in America.” “Being named to the Dow Jones Sustainability [...]
