JC Penney posts FY19 net sales of $10.72 billion

Davida Erdahl

JC Penney, an apparel and dwelling retailer corporation, posted 7 for each cent reduce in similar revenue in This fall FY19 to $three.38 billion in contrast to very same quarter prior 12 months. For whole FY19 that ended on February 1, 2020, full web revenue fell eight.1 for each cent to $ten.seventy two billion in contrast to $11.sixty six billion in fiscal 2018. Similar shop revenue reduced 7. for each cent in This fall.

 

“I am encouraged by our progress, in particular in our women’s apparel firms. We realized it would acquire time to restore discipline and return growth to JCPenney,” Jill Soltau, main executive officer of JC Penney, explained in a push launch.

 

Credit rating money in This fall FY19 was $109 million in contrast to $121 million very same interval last 12 months. Offering, normal and administrative (SG&A) expenditures for the quarter were noted at $1.01 billion or

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