Skip to main content
BoF Logo

Agenda-setting intelligence, analysis and advice for the global fashion community.

The Business of Fashion
Financial Markets

J.C. Penney Says Executive Inadvertently Disclosed Same-Store Sales

Department store chain J.C. Penney said a senior executive inadvertently disclosed information on its same-store sales in the first quarter so far to an analyst.
By
  • Reuters

NEW YORK, United States — Department store chain J.C. Penney Co Inc said a senior executive inadvertently disclosed information on its same-store sales in the first quarter so far to an analyst.

The executive revealed in an email that the company's same-store sales had risen about 6 percent in the quarter to date, J.C. Penny said on Tuesday.

J.C. Penney said it expected same-store sales to rise by about 3.5-4.5 percent in the first quarter, after adjusting for Easter falling in March this year.

The company, which is expected to release results in mid-May for the February-April first quarter, declined to identify or comment on the executive in question.

ADVERTISEMENT

Its same-store sales growth has slowed over the past three quarters from 6.2 percent in the first quarter of 2014.

The company's shares fell 3 percent to $9.12 on the New York Stock Exchange.

By Yashaswini Swamynathan; editors: Kirti Pandey and Simon Jennings.

In This Article
Topics
Organisations
Location
Tags

© 2026 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions

More from Financial Markets
A financial lens on the fast-changing fashion sector, including markets, investors and deals.

L Catterton: Finding Value in a Tough Market

Nikhil Thukral, managing partner at the LVMH-affiliated private equity fund, talks about the ingredients of winning companies, the dynamics challenging fashion's incumbents and how economic shifts are shaping investor strategies in the BoF-McKinsey State of Fashion 2025.

The Best of BoF 2023: Diversity’s Litmus Test

In 2020, like many companies, the $50 billion yoga apparel brand created a new department to improve internal diversity and inclusion, and to create a more equitable playing field for minorities. In interviews with BoF, 14 current and former employees said things only got worse.

The Year Ahead: The Future of Fashion Deal-Making

For fashion’s private market investors, deal-making may provide less-than-ideal returns and raise questions about the long-term value creation opportunities across parts of the fashion industry, reports The State of Fashion 2024.

view more
Latest News & Analysis
Unrivalled, world class journalism across fashion, luxury and beauty industries.

Paris Day Five: Identities New and Old

From Loewe to Yohji Yamamoto, the fifth day of Paris fashion week featured recently installed designers rolling out fresh identities and unbeatable masters being themselves.

When War and Luxury Collide

Escalating conflict in the Middle East is exposing how quickly geopolitics can disrupt even luxury’s most carefully cultivated retail hubs.

VIEW MORE

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.
CONNECT WITH US ON
© 2026 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions, Privacy Policy, Cookie Policy and Accessibility Statement.