For the fourth quarter, same-store sales decreased 10.8 percent, in line with the company’s forecast of a decline in the range of 9 to 11 percent.
For 2009, Penney said it anticipates weak consumer spending and negative sales trends to continue and is planning for a full-year same-store sales decline of about 10 percent.
Thursday, February 05, 2009
J. C. Penney sales down
January sales at the J. C. Penney chain, which has an anchor store at Northpark Mall in Joplin, were down 16.4 percent: