J. C. Penney Co. Inc. reported catalog sales of $186 million for the four weeks ended Aug. 24, off 24.7% from $247 million for the same period last year. The firm attributed the falloff to "continued weakness in consumer demand." The cataloger and retailer reported total company sales of $2.5 billion for the month, down 1% from the month ended Aug. 25, 2001. Last May, the company said it expected
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J. C. Penney Co. Inc. reported catalog sales of $186 million for the four weeks ended Aug. 24, off 24.7% from $247 million for the same period last year.
The firm attributed the falloff to "continued weakness in consumer demand."
The cataloger and retailer reported total company sales of $2.5 billion for the month, down 1% from the month ended Aug. 25, 2001.
Last May, the company said it expected catalog sales to decline by 10% to 13% for the year, then to stabilize and begin to grow slowly.
