April 12, 2001, 12:00 AM

J.C. Penney’s web sales shine

Internet-based sales at J.C. Penny Co. Inc. grew 65% in March to $33 million.

Internet-based sales at J.C. Penny Co. Inc. grew 65% in March to $33 million from $20 million in March 2000. Year-to-date, Internet sales grew 56% to $55 million from $34 million last year. Comparable department store sales in March increased 2.7% from the same period last year. Catalog sales for March decreased 10.4% from the prior year period.

The company said catalog sales were reduced by the elimination of under performing specialty catalogs, the closing of outlet stores, and generally weak demand from the Spring/Summer big book. Total company preliminary sales for March decreased 0.2% to $2.872 billion from $2.877 billion in last year`s period.

 

comments powered by Disqus

Advertisement

Advertisement

Advertisement

From IR Blogs

FPO

Patrick Smarzynski / E-Commerce

What the changes at eBay mean for sellers

The online marketplace introduced new rules for sellers last month. It’s crucial that sellers understand ...

FPO

Mark Feinstein / E-Commerce

A quick guide to global e-commerce opportunities

Consumers in many countries are buying more online each year. Understanding the nuances of each ...

Advertisement