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JC Penney posts Q4 loss of $87 million amid restructuring, revamp charges

from Chain Store Age

J.C. Penney Co. swung to a loss of $87 million in the fourth-quarter, compared with a profit of $271 million in the year-ago period. The chain's results were dragged down by restructuring and management transition charges, as well as costs tied to its new pricing strategy. more

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