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Aeropostale profit plummets in Q1
New York City – Aeropostale reported Thursday that net income for the first quarter decreased 64% to $16.4 million, compared to $45.4 million last year.
Revenue rose 1% to $469.2 million, from $463.6 million. Same-store sales decreased 7%.
The company opened nine Aeropostale and seven P.S. from Aeropostale stores, and closed one Aeropostale store during the quarter. -
J.C. Penney to increase Energy Star certifications to 400 stores
Plano, Texas -- J.C. Penney Co. announced Thursday that it will up its participation in the Environmental Protection Agency’s Energy Star program to 400 stores by the end of 2013. Energy Star certification is awarded to buildings that rank within the top 25% of similar commercial buildings nationwide by meeting strict energy performance levels set by the EPA.
J.C. Penney has a companywide goal to reduce facility energy use 20% by 2015.