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JCP Reports Wider Quarterly Loss on Eve of Court Auction

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J.C. Penney’s second quarter earnings report revealed a widening quarterly loss, though category sales have remained stable year over year. The bankrupt retailer reported a net loss of $398 million, or $1.23 a share, versus a net loss of $48 million, or 15 cents a year ago, according to a Securities and Exchange Commission regulatory…

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