Midland PaperclipsIndustry News
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J. C. Penney Company, Inc. reported today that its comparable store sales for the four-week period ended Nov. 26, 2011, decreased 2.0 percent. This compares to a 9.2 percent increase in the same period last year. Total Company sales in November decreased 5.9 percent.
For the month, women's and men's apparel and accessories were the top performing merchandise divisions. Sales throughout November were ahead of the prior year heading into the holiday weekend. However, the Company noted that its decision to respect Thanksgiving Day for families and open at 4:00 a.m. on Friday, as it had in prior years, adversely impacted Black Friday sales. Sales remained soft in-store throughout the holiday weekend.
Nordstrom, Inc. today reported a 5.6 percent increase in same-store sales for the four-week period ended November 26, 2011 compared with the four-week period ended November 27, 2010. Preliminary total retail sales of $910 million for November 2011 increased 11.6 percent compared with total retail sales of $815 million for the same period in fiscal 2010.
Year-to-date same-store sales increased 7.1 percent compared with the same period in fiscal 2010. Preliminary year-to-date total retail sales of $8.24 billion increased 12.7 percent compared with total retail sales of $7.31 billion for the same period in fiscal 2010.