Home drives JCPenney performance

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.

For the catalog/Internet side of the business, home outperformed the balance of the merchandise divisions, Castagna said. Catalog sales, which dropped 21.4 percent for the quarter, are expected to turn up by mid-2003, Castagna said. The catalog division, she added, is looking to new media and specialty catalogs and will add back some clearance media.

Featured Video

  • Live From New York: Fashion Comes Across the Pond

    Camera Icon More Videos

Subscribe to
Home & Textiles Today eDaily
Receive the news you need to know about the trends in the industry delivered right to your inbox.


HTT Cover October 2017

See the October 2017 issue of Home & Textiles Today. In this issue, we look at the Top 25 Online Retailers.  H&TT's exclusive annual ranking of the biggest online sellers of home textiles finds that while pure play etailers continue to fly, bricks & clicks are digging into omnichannel. See details!