JCPENNEY ANNOUNCES REFUND OFFER ON ROYAL VELVET® EGYPTIAN COTTON TOWELS AND COMFORTER SET
September 30 2016 - 4:30PM
PLANO, Texas
(Sept. 30, 2016) - J. C. Penney Company, Inc. (NYSE: JCP)
announced that beginning Oct. 5, it will offer a refund for
customers who purchased the Royal Velvet® Egyptian cotton towels or
the Royal Velvet Egyptian cotton damask stripe comforter set.
Results from a traceability audit were found to be inconclusive,
and therefore JCPenney is unable to provide complete assurance that
these products were made using 100 percent Egyptian fibers.
While the products pose no safety
concerns and are expected to provide long-lasting durability and
performance, the Company is giving concerned customers the option
of bringing the following items into a local JCPenney store for a
refund of the purchase price:
- Royal Velvet Egyptian cotton bath
towels, which includes the complementary hand towels, washcloths
and bath sheets in more than a dozen colors;
- Royal Velvet 400tc Damask Stripe
Egyptian Cotton Comforter Set, which includes matching sham(s)
available in 12 colors.
Each product can be identified
with a sewn-in hem tag reflecting the Royal Velvet brand along with
fabric content described as "Egyptian cotton loops" or "100%
Egyptian cotton." The refund does not apply to other Egyptian
cotton textiles sold at JCPenney.
For more information, customers
may call 1-800-541-4522 9 a.m. to 9 p.m. EST Monday through Friday,
or 9 a.m. to 6 p.m. Saturday and Sunday.
To access images of the product
tags, please visit:
http://www.jcpnewsroom.com/news-releases/2016/0930_refund_royal_velvet_egyptian_cotton.html
Media Relations:
(972) 431-3400 or jcpnews@jcp.com
Investor Relations:
(972) 431-5500 or
jcpinvestorrelations@jcpenney.com
About JCPenney:
J. C. Penney Company, Inc. (NYSE:
JCP), one of the nation's largest apparel and home furnishing
retailers, is dedicated to fitting the diversity of America with
unparalleled style, quality and value. Across approximately 1,020
stores and at jcp.com, customers will discover a broad assortment
of national, private and exclusive brands to fit all shapes, sizes,
occasions and budgets. For more information, please visit
jcp.com.
###
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announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: J. C. Penney Company, Inc. via Globenewswire
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