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JCPenney's net loss widens

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JCPenney reported a widened net loss of $128 million, compared with a net loss of $67 million a year earlier.

Comparable store sales increased by 1.7 percent, better than the 0.6-0.8 percent rise it estimated last month.

Officials cited an overhaul of women's apparel and higher demand for home goods and Sephora beauty products for the same-store sale increase.

Read more from Reuters.

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