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J.C. Penney Co. raised investor concerns about how much more profitable it can be after the department story operator said many of its expenses would stay flat as a percentage of sales this year.
Analysts also questioned how well Penney’s price-conscious shoppers will contend with higher gasoline and clothing prices. Get the full story »
Kohl’s Corp. said Wednesday that it earned almost the same amount in this year’s third quarter as last year’s, though its revenue rose, because its costs rose faster.
The department store operator said after the market closed that it earned $194 million, or 63 cents per share, in the period ended Oct. 30, about even with the $193 million, or 63 cents per share, a year earlier. Get the full story »
