J.C. Penney Sales On Track

New York, Jan. 6– J.C. Penney expects to meet its January sales goals at stores open a least a year. The firm had expected flat to slightly increased sales.

The retailer also said catalog sales were expected to be down 25% for the month and sales at its Eckerd drugstores are expected to show a mid-single-digit same store sales increase.

At department stores, the strongest categories through the first week in January were fine jewelry, children’s apparel and home products.