JC Penney Company, Inc. (NYSE:JCP) has released the sales results for the four week period ended May 1, 2010. The company’s store sales have been reported to have decreased by 3.3%, while total sales have decreased by 3.7%. JC Penney’s first quarter comparable store sales have gone up by 1.3% with a total sales increase of 1.2%. The increase is sales shows a shift of pre-Easter selling into March’s reporting period. Top performing merchandise division included women’s accessories, shoes and handbags and men’s. For the full sales report, visit www.jcpenney.net.
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J. C. Penney Company, Inc. (JCPenney) is a holding company whose principal operating subsidiary is J. C. Penney Corporation, Inc. (JCP). The Company is a retailer, operating 1,108 JCPenney department stores in 49 states and Puerto Rico as of January 30, 2010. Its business consists of selling merchandise and services to consumers through its department stores and Direct (Internet/catalog) channels. JCPenney sells family apparel and footwear, accessories, fine and fashion jewelry, beauty products through Sephora inside JCPenney and home furnishings. In addition, its department stores provide with services, such as styling salon, optical, portrait photography and custom decorating.
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