JCPenney says trends improving

Retail Editor 1, September 27, 2013

Plano, Texas - In a prospectus filed with the Security and Exchange Commission , JCPenney says its business is stabilizing and its third quarter comps should be positive.
"The company continues to be encouraged by improvements in purchase conversion both in store and on jcp.com, primarily due to being back in stock in key items and sizes the customer expects to find at jcpenney. Overall sales on jcp.com continue to trend double digits ahead of last year," the company reported.
The company plans to sell up to 96.6 million shares through Goldman Sachs to raise capital. JCPenney in the filing said it expects to end the year with approximately $1.3 billion in overall liquidity from its current cash position and the undrawn portion of its credit facility alone.

 

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.

CURRENT ISSUE

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!