By and  on November 16, 2007

Macroeconomic forces are taking a big toll on consumers, with J.C. Penney and Kohl's being the latest victims of a weaker spending environment.

Hampered by softer sales and gross margin rates, J.C. Penney Co. Inc. posted a 9.1 percent decline in third-quarter earnings on softer sales, while Kohl's Corp. delivered third-quarter profits that fell 13.6 percent, but on higher sales.

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