The TV and web retailer will bring its e-commerce and video programming to France in 2015. QVC already sells in Germany, Italy and the ...
Penney’s web sales growth outstrips total revenue growth
Internet sales at J.C. Penney grew 10% last year from the year earlier, reaching $323 million from $294 million. Companywide full year revenue grew 0.5% to $32 billion.
Internet sales at J.C. Penney Co. Inc., grew 10% last year from the year earlier, reaching $323 million from $294 million, the company reported today. Companywide full year revenue grew 0.5% to $32 billion. Department store sales grew 1.5% to $14.8 billion and Eckerd Drug Store sales grew 5.8% to $13.8 billion.
In January, web sales grew 9.5% from the year earlier to $23 million from $21 million. Total revenue grew 1.4% to $2.14 billion; department store revenue, 4.1% to $841 million; and Eckerd revenue, 6.3% to $1.08 billion.
Reflecting Penney’s strategy of de-emphasizing its catalogs, catalog sales fell to $3 billion for the year, 22.6% lower than the year earlier $3.88 billion.