JCPenney 2002 Annual Report Download - page 43

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J. C. Penney Company, Inc. 2002 annual report40
FIVE-YEAR OPERATIONS SUMMARY (UNAUDITED)
2002 2001 2000 1999 1998
Department Stores and Catalog
Number of department stores
JCPenney department stores:
Beginning of year 1,075 1,111 1,143 1,148 1,203
Openings(1) 313 10 14 12
Closings(1) (29) (49) (42) (19) (67)
End of year 1,049 1,075 1,111 1,143 1,148
Renner department stores 54 54 49 35 21
Tot al department sto res 1,103 1,129 1,160 1,178 1,169
Gross selling space (square feet in millions) 107.2 110.2 114.1 116.4 116.0
Sales ($ in millions) $ 15,091 $ 14,808 $ 14,585 $ 15,026 $ 15,226
Sales per gross square foot(2) 140 133 127 130 130
Number of catalog units:
Department stores 1,036 1,068 1,107 1,141 1,145
Third party merchants, outlet stores and
freestanding sales centers 462 454 508 489 512
Drugstores 61 92 92 430 139
Total catalog units 1,559 1,614 1,707 2,060 1,796
Total catalog sales ($ in millions) $ 2,613 $ 3,349 $ 4,173 $ 4,290 $ 4,210
Eckerd Drugstores
Number of drugstores:
Beginning of year 2,641 2,640 2,898 2,756 2,778
Openings(3) 109 76 174 266 220
Acquisitions 82 6 163 36
Closings(3) (72) (77) (438) (287) (278)
End of year 2,686 2,641 2,640 2,898 2,756
Gross selling space (square feet in millions) 27.5 27.2 27.0 29.2 27.6
Sales ($ in millions) $ 14,643 $ 13,847 $ 13,088 $ 12,427 $ 10,325
Sales per gross square foot(2) 490 470 444 395 350
(1) Includes relocations of 3, 9, 3, 3 and 6 department stores in 2002, 2001, 2000, 1999 and 1998, respectively.
(2) Calculation includes the sales of stores that were open for a full year as of each year end. Eckerd also includes sales of relocated drugstores.
(3) Includes relocations of 50, 57, 136, 208 and 175 drugstores in 2002, 2001, 2000, 1999 and 1998, respectively.