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J.C. Penney’s Q1 Loss Nearly Doubles as Turnaround Falters

The first quarter results for the period ended May 4 shows just how pressured J.C. Penney Co. Inc. is, and how little time chief executive officer Jill Soltau has to effect a turnaround. The earnings report showed a drop in retail comparable store sales and an overall decline in sales, not to mention an 8-cent…

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