J.C. Penney reports lower quarterly sales
May 13 (Reuters) - U.S. department store operator J.C. Penney Co Inc joined rivals including Macy's Inc and Kohl's Corp in reporting a drop in sales in a quarter marked by a slump in apparel demand.
The company's net loss narrowed to $68 million, or 22 cents per share, in the first quarter ended April 30, from $150 million, or 49 cents per share, a year earlier.
However, net sales fell 1.6 percent to $2.81 billion.
(Reporting by Sruthi Ramakrishnan in Bengaluru; Editing by Sriraj Kalluvila)
