| Business Summary | | J.
C.
Penney
Company,
Inc.
is
a
retailer,
operating
3,800
stores,
including
1,111
JCPenney
department
stores,
located
in
all
50
states,
Puerto
Rico
and
Mexico.
In
addition,
the
Company
operates
49
Renner
department
stores
in
Brazil.
The
major
portion
of
the
Company's
business
consists
of
providing
merchandise
and
services
to
consumers
through
department
stores,
catalog
departments
and
its
Internet
Website,
JCPenney.com.
The
Company
markets
predominantly
family
apparel,
jewelry,
shoes,
accessories
and
home
furnishings.
Through
its
subsidiary,
Eckerd
Corporation,
the
Company
operates
a
chain
of
2,640
drugstores
located
throughout
the
Southeast,
Sunbelt
and
Northeast
regions
of
the
United
States.
On
June
18,
2001,
J.
C.
Penney
sold
its
J.
C.
Penney
Direct
Marketing
Services,
Inc.
assets,
including
its
J.
C.
Penney
Life
Insurance
subsidiaries,
to
a
United
States
subsidiary
of
AEGON,
N.V. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | J.C.
Penney
operates
in
retail
department
stores
and
catalog,
drugstores,
and
insurance.
JCP
markets
family
apparel,
shoes,
home
furnishings,
jewelry,
and
offers
credit
cards.
For
the
13
weeks
ended
ended
4/28/01,
revenues
fell
less
than
1%
to
$7.52
billion.
Net
income
from
cont'd.
operations
and
applicable
to
Common
totaled
$33
million,
vs.
a
loss
of
$164
million.
Revenues
reflect
lower
catalog
sales.
Earnings
benefitted
from
increased
operating
profit
at
the
Eckerd
Drugstores. Recent Earnings Announcement For
the
13
weeks
ended
07/28/2001,
revenues
were
7,211,000;
after
tax
earnings
were
-53,000. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Allen Questrom, 61 Chairman,
CEO | $17M | Robert Cavanaugh, 49 CFO,
Exec. VP | -- | J. Wayne Harris, 61 Chairman
and CEO of Eckerd Corp. | 611K | Gary Davis, 57 Exec.
VP, Chief HR and Admin. Officer | -- | Stephen Raish, 50 Exec.
VP, CIO | -- | Dollar amounts are as of 27-Jan-2001 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|