Department store chain J.C. Penney Co. said Friday its board declared a regular quarterly dividend of 20 cents. The dividend is payable Aug. 1 to shareholders of record July 10.
May 15 (Bloomberg) -- J.C. Penney Co. , Kohl's Corp. and Nordstrom Inc. reported first-quarter profit that fell less than analysts estimated by reducing costs as the economy teetered near a recession.
J.C. Penney Co. is having the year it predicted as middle-income consumers struggle with higher energy and food prices. While first-quarter profit fell 50 percent, customers are still buying shoes and clothing, especially women's, but not as much fine jewelry or home items.
Stock index futures rose on Thursday, after retailer J.C. Penney posted results that topped Wall Street's forecasts, easing concerns about consumer spending.
Department store retailer J.C. Penney says a pullback in consumer spending has cut its first-quarter profit in half, and predicts "difficult" conditions for the entire year.
J.C. Penney reported first-quarter profits were halved and on Thursday predicted “difficult” conditions for the entire year as consumers pull back on spending.
J.C. Penney Co., the third-largest U.S. department-store chain, posted a first-quarter profit that fell less than analysts estimated as the retailer limited markdowns on clothing.
DALLAS - J.C. Penney reported first-quarter profits were halved and yesterday predicted 'difficult' conditions for the entire year as consumers pull back on spending.
An analyst on Thursday said there were few surprises amid J.C. Penney & Co. first-quarter earnings report but added it could be difficult for the department-store retailer to reach its second-quarter guidance.
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