Home Factors in JCP's Sales Slide
September 8, 2008,
Home and jewelry were the weakest departments in a disappointing August for JCPenney; the retailer reported a 3.2% drop in sales to $1.51 billion, with comps sliding 4.9%.
Looking at the five-week September retail month, 1,083-store JCP projects a "mid- to high-single digit decrease in comparable store sales, compared to a 3.7% decrease during the same period last year."
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