Server: Netscape-Enterprise/2.01 Date: Fri, 19 Dec 1997 20:21:57 GMT Accept-ranges: bytes Last-modified: Thu, 04 Dec 1997 20:38:22 GMT Content-length: 2644 Content-type: text/html

JCPenney Reports November Sales

Total sales for JCPenney for the four weeks ended Nov. 29, 1997, increased 19.4% to $2.853 billion from $2.389 billion in the comparable 1996 period.

Sales of JCPenney stores for the month decreased 2.1% to $1.627 billion from $1.662 billion in the 1996 period. On a comparable store basis, that is stores open at least a year, sales decreased 3.1%. Comparable drugstore sales rose 8.5%, and Catalog sales rose 2.1%.

For the 43 weeks ended Nov. 29, 1997, sales of JCPenney stores increased 1.3% to $12.363 billion from $12.210 billion for the same period a year earlier. On a comparable store basis, sales increased 0.3%. Comparable drugstore sales rose 7.6%, and Catalog sales rose 2.8%.

Sales Summary
($ in millions)

                                                       Percent
                          Period Ended            Increase/ (Decrease)         
                          Nov. 29,   Nov. 30,     All        Comparative
                          1997       1996         Units      Units           

4 Weeks

JCPenney stores          $ 1,627    $ 1,662         (2.1)    (3.1)
Eckerd drugstores            738        249       +100.0      8.5
Catalog                      488        478          2.1

Total Company            $ 2,853    $ 2,389         19.4

43 Weeks

JCPenney stores          $12,363    $12,210           1.3     0.3
Eckerd drugstores          7,652      1,848        +100.0     7.6
Catalog                    3,088      3,003           2.8

Total Company            $23,103    $17,061          35.4
12/4/97


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