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J.C. Penney Narrows Q3 Loss. Is the Turnaround Plan Working?

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J.C. Penney Co. Inc. posted a third-quarter result that was better than Wall Street expected, and CEO Jill Soltau offered a glimpse into the retailer’s turnaround strategy. In a Nutshell: JCP ended the quarter with liquidity of about $1.7 billion, and expects at least $1.5 billion for the remainder of the year, offering some breathing room…

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