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JCPenney Posts Q1 Profit Rise on Cost Cutting, Exclusive Brands

In Industry News, Reports, What's New by Accessories StaffLeave a Comment

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 …