J. C. Penney (JCP) Aug Comps Down 4%
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J. C. Penney Company, Inc. (NYSE: JCP) said August comparable department store sales decreased 4.0 percent, which the company said was better than guidance for a mid- to high-single digit sales decrease.
For September, sales are expected to increase low-single digits for both comparable department stores and Direct.
For October, comparable department store sales are expected to increase mid- to high-single digits due to a promotional event in the first week of November that will be included in this year's October reporting period. Direct sales are expected to increase low-single digits.
For September, sales are expected to increase low-single digits for both comparable department stores and Direct.
For October, comparable department store sales are expected to increase mid- to high-single digits due to a promotional event in the first week of November that will be included in this year's October reporting period. Direct sales are expected to increase low-single digits.
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