Home drives JCPenney performance
August 16, 2002,
Plano, TX — In a conference call discussing the second quarter performance earlier this week, Vanessa Castagna, chairman and ceo of JCPenney stores, catalog and Internet, said that home was a leader in the department store's merchandise groups paced by the expanded housewares department, bed, bath and window areas.
Gross margins in the stores, overall, improved and the quarter ended with lower than planned inventories.
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