JCPenney to expand

Article Abstract:

JCPenney plans to open no less than 11 free-standing home stores in 1999 or so. The retailer currently operates 34 home stores, four of which were only opened in 1998. Company president and chief operating officer John T. Cody stated that the number of JCPenney stores that will be opened in addition to the planned free-standing stores will depend on the availability of opportunities. Another key factor is the distance of the location from the mother store. Cody said the ideal location is in a power strip mall across from the regional center where the mother store is housed.

Comment:

Plans to open not less than 11 free-standing home stores in 1999 or so

Facilities & equipment, Furniture & Appliance Stores

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Department stores wield significant sales clout

Article Abstract:

Department stores are the No. 2 channel of distribution for furniture and bedding on the list of the Top 25 US Furniture Retailers in 1997 with sales of $1.9 billion, up 6% from $1.8 billion in 1996. The furniture store segment came in at No. 1 with an aggregate sales of $7.8 billion in 1997, up 17.6% from $6.8 billion in 1996. The 1997 list included first-time additions, such as Federated Department Stores and May Department Stores. The two join other veterans on the rankings such as Heilig-Meyers, the Berkshire Hathaway furniture unit and Breuners Home Furnishings Corp.

Comment:

Dept stores are No 2 channel of distribution for furniture & bedding on list of Top 25 US Furniture Retailers w/ $1.9 bil sales

Sales, profits & dividends

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JCPenney maintains top spot; Bloomies up 12.4%

Article Abstract:

Departmental store JCPenney is in first place on the Top 12 list of 2004 departmental stores, the performance details of all the top 12 companies are also presented.

Department stores, JCP, Rankings

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