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JC Penney posts narrower 2Q loss, sales rise

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JC Penney posts narrower 2Q loss, sales rise

PLANO, Texas (AP) — J.C. Penney Co. (JCP) reported a narrower loss for its second quarter that beat Wall Street expectations.

The beleaguered department store operator also said Thursday that sales rose 6 percent at established locations during the period, the third consecutive quarter of growth.

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