Inc. Archive

JC Penney Reports Smaller Loss in 2Q as Sales Improve

Source: J.C. Penney PLANO, Texas — JC Penney Inc. reported a smaller loss in the second quarter as the department store operator’s sales improved, fuelled by such moves as bringing back appliances and refreshing other areas of the store. Its shares rose more than 2 percent in premarket trading, The news is encouraging, but Penney still faces an uphill climb as it continues to claw …