0000930661-01-501948.txt : 20011010 0000930661-01-501948.hdr.sgml : 20011010 ACCESSION NUMBER: 0000930661-01-501948 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 20010921 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20011009 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PENNEY J C CO INC CENTRAL INDEX KEY: 0000077182 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-DEPARTMENT STORES [5311] IRS NUMBER: 135583779 STATE OF INCORPORATION: DE FISCAL YEAR END: 0126 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-00777 FILM NUMBER: 1753955 BUSINESS ADDRESS: STREET 1: 6501 LEGACY DR CITY: PLANO STATE: TX ZIP: 75024-3698 BUSINESS PHONE: 9724311000 8-K 1 d8k.txt FORM 8-K ================================================================================ SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _________ FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): September 21, 2001 J. C. Penney Company, Inc. (Exact name of registrant as specified in its charter) Delaware 1-777 13-5583779 (State or other jurisdiction (Commission File No.) (I.R.S. Employer of incorporation) Identification No.) 6501 Legacy Drive Plano, Texas 75024-3698 (Address of principal executive offices) (Zip code) Registrant's telephone number, including area code: (972) 431-1000 ================================================================================ Item 5. Other Events and Regulation FD Disclosure J. C. Penney Company, Inc. hereby files the following News Releases, along with the following additional information: . News Release dated September 21, 2001, (attached as Exhibit 99(a)) announcing its third quarter dividend; . News Release dated October 8, 2001, (attached as Exhibit 99(b)) announcing September sales; and . News Release dated October 8, 2001, (attached as Exhibit 99(c)) reaffirming its intent to offer convertible subordinated notes. It is not possible to predict the medium or long-term effects of the September 11, 2001 terrorist attacks on the economy or on consumer confidence in the United States, or the impact, if any, on the Company's future results of operations. As of October 5, 2001, the high and low sale prices for the Common Stock on the New York Stock Exchange Composite Tape for the third quarter were $25 and $18.64. Item 7. Financial Statements and Exhibits. (c) Exhibits. 99(a) J. C. Penney Company, Inc. News Release of September 21, 2001 99(b) J. C. Penney Company, Inc. News Release of October 8, 2001 99(c) J. C. Penney Company, Inc. News Release of October 8, 2001 2 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. J. C. PENNEY COMPANY, INC. By: /s/ Charles R. Lotter ------------------------------------------ Charles R. Lotter Executive Vice President, Secretary and General Counsel Date: October 8, 2001 3 EX-99.(A) 3 dex99a.txt PRESS RELEASE DATED SEPTEMBER 21, 2001 EXHIBIT 99(a) JCPenney News Release Contact Rita Trevino Flynn Eli Akresh Bob Johnson Public Relations Investor Relations Investor Relations 972-431-4753 972-431-2207 972-431-2217 rflynn@jcpenney.com eakresh@jcpenney.com rvjohnso@jcpenney.com ------------------- -------------------- --------------------- J.C. PENNEY COMPANY, INC. DECLARES DIVIDEND PLANO, Texas, September 21, 2001 -- J. C. Penney Company, Inc. (NYSE:JCP) today announced that its Board of Directors declared a quarterly dividend of $0.1250 per share on the Company's outstanding common stock, payable November 1, 2001, to the Company's stockholders of record at the close of business on October 10, 2001. J.C. Penney Company, Inc. is one of America's largest department store, drugstore, catalog, and e-commerce retailers, employing approximately 270,000 associates. The Company operates approximately 1,080 JCPenney department stores in all 50 states, Puerto Rico, and Mexico. In addition, the Company operates approximately 50 Renner department stores in Brazil. Eckerd operates approximately 2,650 drugstores throughout the Southeast, Sunbelt, and Northeast regions of the U.S. JCPenney Catalog, including e-commerce, is the nation's largest catalog merchant of general merchandise. J. C. Penney Company, Inc. is the sponsor of JCPenney Afterschool, a partnership committed to providing kids with high-quality afterschool programs to help them reach their full potential. This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements, which reflect the Company's current views of future events and financial performance, involve known and unknown risks and uncertainties that may cause the Company's actual results to be materially different from planned or expected results. Those risks and uncertainties include, but are not limited to, competition, consumer demand, seasonality, economic conditions, and government activity. Investors should take such risks into account when making investment decisions. EX-99.(B) 4 dex99b.txt PRESS RELEASE DATED OCTOBER 8, 2001 EXHIBIT 99(b) JCPenney News Release
CONTACT Rita Trevino Flynn Stephanie M. Brown Eli Akresh Bob Johnson Public Relations Public Relations Investor Relations Investor Relations (972) 431-4753 (972) 431-4655 (972) 431-2207 (972) 431-2217 rflynn@jcpenney.com smbrown@jcpenney.com eakresh@jcpenney.com rvjohnso@jcpenney.com --------------------- -------------------- -------------------- ---------------------
JCPENNEY REPORTS STRONG SEPTEMBER COMPARABLE STORE SALES Department Stores Increase 8.1% Eckerd Drugstores Increase 8.1% PLANO, Texas, October 8, 2001 -- J. C. Penney Company, Inc. (NYSE:JCP) today announced a strong increase in comparable store sales for September. Allen Questrom, Chairman and Chief Executive Officer, said, "The Company's sales were initially impacted by the tragic events that occurred on September 11, 2001. Despite those events, our department store sales recovered and were significantly above plan for the month. Eckerd achieved its sales plan, and we are particularly pleased with our front-end performance. While Catalog and Internet sales were also impacted by the events, sales improved in the last week of September." Comparable department store sales increased 8.1 percent for the five weeks ended September 29, 2001. Successful planned marketing and promotional programs during September generated strong sales. Sales were consistent throughout the country and in most merchandise categories. Comparable drugstore sales increased 8.1 percent. Comparable pharmacy sales increased 10.5 percent and front-end sales increased 3.3 percent. Front-end sales continue to reflect growth in customer counts and unit sales, supporting the move to more competitive everyday pricing. Sales are also beginning to benefit from the store reconfiguration program. Front-end sales were strongest for cosmetics, baby care, vitamins, snacks and beverages and household products. Catalog sales for September decreased 28.4 percent, below the Company plan. E-commerce sales are included in Catalog, and totaled $20 million in September and $173 million year to date compared to $25 million and $137 million in last year's respective periods. Based on current trends, management continues to project third quarter operating earnings in the range of $0.11 to $0.15 per share, and operating earnings for the full year continue to be estimated at $0.30 to $0.35 per share. Preliminary Sales Summary ------------------------- ($ in millions)
Period ended % Increase/(Decrease) ----------------------------------------- ------------------------------------------ Sep. 29, Sep. 30, Comparable 2001 2000 All Stores Stores ------------------ ------------------ -------------- ------------------- 5 Weeks ------- Department stores $ 1,295 $ 1,212 6.8 8.1 Eckerd drugstores 1,280 1,195 7.1 8.1 Catalog 262 366 (28.4) ------------------ ------------------ Total Company $ 2,837 $ 2,773 2.3 9 Weeks ------- Department stores $ 2,494 $ 2,341 6.5 7.8 Eckerd drugstores 2,312 2,161 7.0 8.0 Catalog 509 645 (21.1) ------------------ ------------------ Total Company $ 5,315 $ 5,147 3.3 35 Weeks -------- Department stores $ 8,846 $ 8,717 1.5 3.4 Eckerd drugstores 9,128 8,627 5.8 8.5 Catalog 2,074 2,538 (18.3) ------------------ ------------------ Total Company $20,048 $19,882 0.8
Conference Call Recording 416-695-9677 Access ID #6309 Monthly Plan and Weekly Sales Update 972-431-5500 J. C. Penney Company, Inc. is one of America's largest department store, drugstore, catalog, and e-commerce retailers, employing approximately 270,000 associates. The Company operates approximately 1,080 JCPenney department stores in all 50 states, Puerto Rico, and Mexico. In addition, the Company operates approximately 50 Renner department stores in Brazil. Eckerd operates approximately 2,650 drugstores throughout the Southeast, Sunbelt, and Northeast regions of the U.S. JCPenney Catalog, including e-commerce, is the nation's largest catalog merchant of general merchandise. J. C. Penney Company, Inc. is the sponsor of JCPenney Afterschool, a partnership committed to providing kids with high-quality afterschool programs to help them reach their full potential. This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements, which reflect the Company's current views of future events and financial performance, involve known and unknown risks and uncertainties that may cause the Company's actual results to be materially different from planned or expected results. Those risks and uncertainties include, but are not limited to, competition, consumer demand, seasonality, economic conditions, and government activity. Investors should take such risks into account when making investment decisions. EX-99.(C) 5 dex99c.txt PRESS RELEASE DATED OCTOBER 8, 2001 DEBT OFFERING EXHIBIT 99(c) JCPenney News Release
CONTACT Rita Trevino Flynn Stephanie M. Brown Eli Akresh Bob Johnson Public Relations Public Relations Investor Relations Investor Relations (972) 431-4753 (972) 431-4655 (972) 431-2207 (972) 431-2217 rflynn@jcpenney.com smbrown@jcpenney.com eakresh@jcpenney.com rvjohnso@jcpenney.com --------------------- -------------------- -------------------- ---------------------
JCPENNEY REAFFIRMS INTENT TO OFFER APPROXIMATELY $500 MILLION IN CONVERTIBLE NOTES PLANO, Texas, October 8, 2001 -- J. C. Penney Company, Inc. (NYSE:JCP) today reaffirmed its intent to offer, subject to market conditions, approximately $500 million of convertible subordinated notes ($600 million if an option for an additional $100 million is exercised in full) in a private placement. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation, or sale in any jurisdiction in which such offering, solicitation, or sale would be unlawful. J. C. Penney Company, Inc. is one of America's largest department store, drugstore, catalog, and e-commerce retailers, employing approximately 270,000 associates. The Company operates approximately 1,080 JCPenney department stores in all 50 states, Puerto Rico, and Mexico. In addition, the Company operates approximately 50 Renner department stores in Brazil. Eckerd operates approximately 2,650 drugstores throughout the Southeast, Sunbelt, and Northeast regions of the U.S. JCPenney Catalog, including e-commerce, is the nation's largest catalog merchant of general merchandise. J. C. Penney Company, Inc. is the sponsor of JCPenney Afterschool, a partnership committed to providing children with high-quality afterschool programs to help them reach their full potential. This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements, which reflect the Company's current views of future events and financial performance, involve known and unknown risks and uncertainties that may cause the Company's actual results to be materially different from planned or expected results. Those risks and uncertainties include, but are not limited to, competition, consumer demand, seasonality, economic conditions, and government activity. Investors should take such risks into account when making investment decisions.