Department store operator J.C. Penney (JCP) reported third-quarter earnings of 19 cents per share, compared with 11 cents per share a year earlier.
Net sales rose 0.2% to $4.2 billion, while sales at stores open at least on year gained 1.9%, J.C. Penney said in a statement. The discontinuation of the company’s Big Book catalogs impacted net sales, the company said.
“We have seen clear signs of…
Continue reading J.C. Penney Reports Third Quarter Earnings of 19 Cents Per Share
J.C. Penney Reports Third Quarter Earnings of 19 Cents Per Share originally appeared on DailyFinance on Fri, 12 Nov 2010 08:32:00.
Filed Under: Company News, Earnings, JC Penney, Retail