JCPenney Conference Call With Institutional Investors

Apr 25, 2001, 01:00 ET from J. C. Penney Company, Inc.

    PLANO, Texas, April 25 /PRNewswire/ -- J. C. Penney Company, Inc.
 (NYSE:   JCP) management will present a business update to institutional
 investors in New York City on April 26, 2001 at a luncheon sponsored by Lehman
 Brothers.  Allen Questrom, Chairman of the Board and Chief Executive Officer,
 Wayne Harris, Chairman of the Board and Chief Executive Officer of Eckerd
 Corporation, and Bob Cavanaugh, Executive Vice President and Chief Financial
 Officer, are the speakers.  In anticipation of the presentation, the Company
 confirmed that it is comfortable with analysts' First Call earnings estimates
 for the first quarter and $0.30 to $0.35 per share for the year.
     The presentation, which can be accessed by telephone, is scheduled to
 begin at approximately 12:45 p.m. EDT and to last one hour.  The call is open
 to the press and the general public in a listen only mode.  To access the
 conference call, please dial 1-877-679-9057.  Callers are requested to dial in
 approximately 15 minutes before the scheduled start time.  A replay of the
 presentation will be available from approximately 4:00 p.m. EDT on
 April 26, 2001 through midnight on Saturday, April 28, 2001.  To access the
 replay, call 1-800-615-3210, using conference ID 5127126.
     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 1,100 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.
 
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SOURCE J. C. Penney Company, Inc.
    PLANO, Texas, April 25 /PRNewswire/ -- J. C. Penney Company, Inc.
 (NYSE:   JCP) management will present a business update to institutional
 investors in New York City on April 26, 2001 at a luncheon sponsored by Lehman
 Brothers.  Allen Questrom, Chairman of the Board and Chief Executive Officer,
 Wayne Harris, Chairman of the Board and Chief Executive Officer of Eckerd
 Corporation, and Bob Cavanaugh, Executive Vice President and Chief Financial
 Officer, are the speakers.  In anticipation of the presentation, the Company
 confirmed that it is comfortable with analysts' First Call earnings estimates
 for the first quarter and $0.30 to $0.35 per share for the year.
     The presentation, which can be accessed by telephone, is scheduled to
 begin at approximately 12:45 p.m. EDT and to last one hour.  The call is open
 to the press and the general public in a listen only mode.  To access the
 conference call, please dial 1-877-679-9057.  Callers are requested to dial in
 approximately 15 minutes before the scheduled start time.  A replay of the
 presentation will be available from approximately 4:00 p.m. EDT on
 April 26, 2001 through midnight on Saturday, April 28, 2001.  To access the
 replay, call 1-800-615-3210, using conference ID 5127126.
     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 1,100 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.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X35479342
 
 SOURCE  J. C. Penney Company, Inc.