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J.C. Penney Holiday Sales Down 7.5%, Reaffirms FY19 Outlook - Quick Facts

J. C. Penney Co., Inc. (JCP) announced Thursday that its comparable store sales for the combined nine-week holiday season period ending January 4, 2020, decreased 7.5 percent. Adjusted comparable store sales, which exclude the impact of the Company's exit from major appliance and in-store furniture categories, decreased 5.3 percent.

Looking ahead to fiscal 2019, the company continues to expect comparable store sales to decline in a range of 7.0 to 8.0 percent and adjusted comparable store sales to decline in a range of 5.0 to 6.0 percent.

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