JC Penney Company, Inc (NYSE: JCP) today announced that preliminary sales for the four weeks ended November 25, 2000 increased 1.6 per cent to $2.921bn from $2.876bn in the comparable 1999 period.

Department store sales for November increased 0.1 per cent to $1.427bn from $1.426bn in the 1999 period. On a comparable store basis, stores open at least a year, sales increased 0.7 per cent versus the same period last year. Sales benefited from a stronger than anticipated Thanksgiving weekend, driven by planned promotions.

Catalog sales for November increased 1.8 per cent from the prior year period. E-commerce sales, which are included in Catalog sales, continue to experience strong sales growth. Sales were $39m in November and $206m year to date compared to $16m and $54m in last year's respective periods.

Total drugstore sales for the November period increased 3.3 per cent to $998m from $966m in the 1999 period. On a comparable store basis, sales increased 8.4 per cent with a 14.9 per cent increase in pharmacy sales and a sales decline of 2.5 per cent in front-end.

About JC Penney JC Penney Company, Inc is one of America's largest department store, drugstore, catalog, and e-commerce retailers employing more than 290,000 associates. The company operates approximately 1,100 JC Penney department stores in all 50 states, Puerto Rico, and Mexico. In addition, the Company operates 48 Renner department stores in Brazil. Eckerd operates over 2,600 drugstores located throughout the Southeast, Sunbelt, and Northeast regions of the US. JCPenney Catalog, including e-commerce, is the nation's largest catalog merchant of general merchandise.