Business

JC Penney posts narrower 2Q loss, sales rise

By Washington Examiner
Published August 14, 2014 9:18pm ET
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JC Penney posts narrower 2Q loss, sales rise
FILE - In this Tuesday, April 9, 2013 file photo, customers shop at a J.C. Penney store, in New York. J.C. Penney Co. reports quarterly financial results before the market opens Thursday, Aug. 14, 2014. (AP Photo/Mark Lennihan, File) | Mark Lennihan

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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