J.C. Penney Banks On Towels, Luggage To Stem Losses

J.C. Penney Company, Inc. (NYSE:JCP) plans to devote more floor space to towels, cooking utensils and luggage to stem its falling fortunes.

Yesterday, the retailer released its earnings report for the three months ended June, revealing it lost $2.66 per share. However, silver linings were . . .

SORRY!

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