J.C. Penney posts smaller-than-expected loss; shares rise

August 15, 2019 admin Business News Comments Off on J.C. Penney posts smaller-than-expected loss; shares rise

J.C. Penney Co Inc posted a smaller-than-expected second-quarter loss on Thursday, as the struggling retailer’s efforts to cut costs and shutter unprofitable businesses paid off.

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Source:: Reuters – Business News