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Limited Brands, Benetton Agree to Greenpeace’s Environmental Safety Measures

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Washington—Limited Brands, parent to Victoria’s Secret, and the Benetton Group are the latest major fashion retailers and manufacturers to sign onto Greenpeace International’s Detox campaign that seeks to eliminate the use of hazardous chemicals from fashion products. According to a 2012 study by Greenpeace, a leading independent organization that exposes …

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JCPenney Posts Q1 Profit Rise on Cost Cutting, Exclusive Brands

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Plano, TX–JCPenney reported today a 6.7% increase in first-quarter profit, helped by its cost-cutting restructuring and demand for its private brands such as Liz Claiborne. The better-than-expected first quarter results helped lift the retailer’s stock 5% in trading early morning today. Net income for the quarter ended April 30 increased …

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JCPenney Doubles 1st Quarter Income, Raises Full Year Guidance

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Plano,TX–JCPenney Co. reported today that its first-quarter net income more than doubled as the department store  benefited from sales improvements across most types of merchandise and tighter controls on inventory. The retailer raised its full-year guidance on Friday, but even the higher forecast and the second-quarter outlook was muted as …