Tuesday, March 29, 2016
J.C. Penney Company, Inc.: Sales Per Square Foot on the Rise
J.C. Penney's recent sales gains lifted sales per net selling square foot to $165 in fiscal 2015, up from $147 two years earlier. That's the best result since fiscal 2011. However, it's still 22% below the $212 in sales per net selling square foot that J.C. Penney generated in fiscal 2011.
The gap between J.C. Penney's current sales per square foot and its 2011 performance indicates that it has plenty of room for improvement. That's also clear from comparing its results to those of fellow mid-price department store Kohl's. . . . more