J.C. Penney Second-Quarter Loss Narrows as Rebuild ContinuesBy
Same-store sales increase 2.2%, indicating market-share gains
CEO says retailer will fuel growth will appliances, Sephora
J.C. Penney Co. posted a smaller fiscal second-quarter net loss, showing that while consistent profitability remains elusive, the department-store chain is making progress in a multiyear effort to rebuild its business.
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