Finance & Capital Management

Dallas -- J.C. Penney Co. Inc. on Friday reported a 26.1% decline in third-quarter same-store sales, more than the 17.9% that Wall Street analysts were expecting.

Overall sales fell 26.6% to $2.93 billion. Internet sales fell 37.3% to $214 million.

The company said that its net loss narrowed to $123 million in the third quarter ended Oct. 27, from $143 million a year earlier. The loss was wider than analysts had expected.

New York -- Companies remain committed to constructing green buildings, according to a survey by Turner Construction Co. The company’s 2012 Green Building Market Barometer found that while executives remained committed to incorporating sustainable building practices into their building programs, fewer said their companies were likely to seek LEED certification from the U.S. Green Building Council when constructing a green building.

Atlanta -- Hurricane Sandy impacted spending in the Northeast, according to First Data’s most recent SpendTrend report, which analyzed date for the full month of October 2012 compared with October 2011. SpendTrend tracks same-store consumer spending by credit, signature debit, PIN debit, EBT, closed-loop prepaid cards and checks at U.S. merchant locations.

Jacksonville, Fla. -- Stein Mart Inc. announced Friday that it will restate its financial statements for fiscal years 2009, 2010 and 2011, its quarterly data for the first quarter of 2012 and for all quarters in 2010 and 2011, as well as its selected financial data for the relevant periods due to merchandising accounting errors.

Satellite Beach, Fla. -- Lighting Science Group Corp. has collaborated with Applebee’s Neighborhood Grill & Bar to monitor, evaluate and markedly reduce energy usage for lighting in Applebee’s 23 company-owned restaurants. Through the installation of ultra-efficient and design-enhancing LED lamps, Applebee’s should net an energy reduction for lighting of 88% per year.

Pleasanton, Calif. -- Safeway Inc. announced it will expand its support of America's military veterans by hiring at least 1,000 military veterans in 2013 to add to the 1,300 hired to date in 2012.

Milwaukee — The continued softness of the economy weighed down on sales and profits at Roundy's during third quarter 2012, the Midwestern supermarket chain said Friday.

The company reported sales of $973.6 million, a 0.3% decrease from third-quarter 2011, while profits were $8.8 million, down from $12.4 million last year. Roundy's operates 161 stores with 98 pharmacies under the Pick 'n Save, Rainbow, Copps, Metro Market and Mariano's banners in Wisconsin, Minnesota and Illinois.

Dallas -- J.C. Penney Co. Inc. on Friday reported a 26.1% decline in third-quarter same-store sales, more than the 17.9% that Wall Street analysts were expecting.

Overall sales fell 26.6% to $2.93 billion. Internet sales fell 37.3% to $214 million.

The company said that its net loss narrowed to $123 million in the third quarter ended Oct. 27, from $143 million a year earlier. The loss was wider than analysts had expected.