Icahn and Dell Both Gain From Dell Earnings J.C. Penney ( JCP ) on Thursday posted a first-quarter loss of $348 million, or $1.58 a share. The adjusted loss for the quarter totaled $289 million, or $1.31 a share, which includes charges related to the retailer's restructuring and management transition. The retailer disclosed last week that total sales for the quarter fell 16.4% from last year to $2.64 billion. J.C. Penney also said comparable-store sales declined by about 16.6% during the quarter. JCPenney Reports Loss, Tumbles After-Market Nordstrom ( JWN ) said Thursday that net income in the first quarter declined 3%, hurt by weak demand for spring merchandise and softer performance in the Northeast and Midwest. The retailer also lowered its revenue guidance for the year.