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JC Penney November comparable store sales up 10.1 percent

By FashionUnited

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REPORT_ JC Penney provided a preliminary

update on the company's performance for the fiscal month ending November 30, 2013 saying that due to Thanksgiving weekend, its comparable store sales grew 10.1 percent over last year. The company also noted that its e-commerce sales through jcp.com continued to be strong, running well ahead of last year, consistent with last month's trend.

“We are pleased with our performance over the Thanksgiving holiday weekend, particularly in light of the continued spending pressures on consumers. The combination of our great merchandise and compelling promotions put us in a position to succeed in a highly competitive environment, and our teams executed very well,” said Myron E. (Mike) Ullman, III, Chief Executive Officer of Plano-based JC Penney.

Based on sales trends through the weekend, the Company is encouraged by the early performance of its gift items, especially among its private brands such as Modern Bride(TM), St. John's Bay and a.n.a, and a range of national brands.

JC Penney is apparel and home furnishing retailers and enjoys presence through approximately 1,100 stores and on jcp.com.


J C Penney
JCPenney