YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
JCPenney's quarterly same-store sales were lower than expected, causing its shares to drop 15 percent.
Same-store sales rose 0.3 percent, below the roughly 1 percent estimate by analysts.
The company's net loss widened to $101 million in its second quarter ended Aug. 4.
Read more from Reuters.
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