J. C. Penney (JCP) May Same Store Sales Fell 4.4%; Guides June Comps Down Mid-Single Digits
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J. C. Penney Company, Inc. (NYSE: JCP) May same store sales fell 4.4% on sales of $1.344 billion, versus $1.377 billion in the same period last year. The company said comps were in-line with its previously issued guidance.
J. C. Penney sees June comps (week ending July 5, 2008) down mid-single digits.
J. C. Penney Company, Inc., through its subsidiary, J. C. Penney Corporation, Inc., sells merchandise and services to customers through its department stores and catalog/Internet channels.
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