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Q1 Sales Up for J.C. Penney

J.C. Penney

PLANO, Texas–J.C. Penney posted a loss of net income of $352 million in the first quarter ended May 3, compared to a $348 million loss in the year-ago period, but reported a 6.3 percent net sales increase, to $2.80 billion. Same-store sales increased 6.2 percent and improved sequentially each month within the quarter, the retailerMore »

Last updated: May 16, 2014