J. C. Penney (JCP) Comps Down 8.1% in December; Guides Jan. Comps

January 8, 2009 8:42 AM EST
J. C. Penney Company, Inc. (NYSE: JCP) reports same store sales fell 8.1% during December. Net sales for the month fell 6.8% to $2.961 billion.

Sees same store sales in January down in the low-double 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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Guidance, Retail Sales