JCP February Comparable Store Sales Increase 6.1 Percent

J. C. Penney Company, Inc. (NYSE: JCP) comparable department store sales increased 6.1 percent for the four weeks ending February 26, 2005, on top of a 12.1 percent increase in last year's February period. Sales of spring apparel and seasonal products exceeded expectations with good customer response to Valentine's and Presidents Day events. Catalog/Internet sales increased 6.4 percent on top of an 8.0 percent increase last year. The Internet component of sales continues to experience strong growth, increasing nearly 35 percent for the month.

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