J. C. Penney Co. Inc. posted net income of $182 million for the second quarter, a 1.7% increase over net income of $179 million in the prior year.
The cataloger and retailer reported net sales of $4.4 billion for the quarter ended Aug. 4, a 5.7% increase over net sales of $4.2 billion last year.
The Plano, TX firm posted a 2.3% decline in direct sales for the quarter.
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