JCPenney Narrows Loss but Misses Forecast; Handbags a Bright Spot

J. C. Penney Company, Inc. today announced first-quarter results for the period ended April 30, 2016. Q1 net sales fell 1.6% from $2.86 billion in the year-ago quarter to $2.81 billion (analysts had estimated revenue of $2.92 billion, according to S&P Global Market Intelligence). Sales at stores open at least ...

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