J. C. Penney (JCP) Same Store Sales Down 11.9%, vs Up 5.4% Last Year; Guides Dec. Comps

December 4, 2008 8:35 AM EST
J. C. Penney Company, Inc. (NYSE: JCP) reports November sales of $1.815 billion, compared to $2.05 billion in November of '07. Same store sales for the month fell 11.9% compared to comps that were up 5.4% in November '07.

Sees a low-double digit decrease in same store sales in December.

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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