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Penney’s Swings to Loss in July—Here’s Why the Timing Couldn’t Be Worse

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J. C. Penney is back in the red, at least for the month for July. After reporting a surprise $47 million in net income in June versus a year-ago loss, July’s report came as a disappointment, although perhaps not unexpected for a company that landed itself in bankruptcy court upon filing a voluntary Chapter 11…

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