|JCPenney Reports November Sales|
Strong sales for the Black Friday weekend offset slightly weaker sales
beginning mid-month and leading up to
For the November period, women’s apparel, accessories and shoes were the top performing merchandise divisions, while children’s experienced the weakest sales. The southwest region was the best performing region in November, and the southeast region had the softest sales during the month.
December Sales Outlook
Management’s guidance for the five-week period ending
Sales Conference Call Recording (
JCPenney is one of America's leading retailers, operating 1,109
department stores throughout
This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements, which reflect the Company's current views of future events and financial performance, involve known and unknown risks and uncertainties that may cause the Company's actual results to be materially different from planned or expected results. Those risks and uncertainties include, but are not limited to, general economic conditions, including inflation, recession, unemployment levels, consumer spending patterns, credit availability and debt levels, changes in store traffic trends, the cost of goods, trade restrictions, changes in tariff, freight, paper and postal rates, changes in the cost of fuel and other energy and transportation costs, increases in wage and benefit costs, competition and retail industry consolidations, interest rate fluctuations, dollar and other currency valuations, risks associated with war, an act of terrorism or pandemic, and a systems failure and/or security breach that results in the theft, transfer or unauthorized disclosure of customer, employee or Company information. Please refer to the Company's most recent Form 10-K and subsequent filings for a further discussion of risks and uncertainties. Investors should take such risks into account when making investment decisions. We do not undertake to update these forward-looking statements as of any future date.
J. C. Penney Company, Inc.
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