J.C. Penney Still Losing Money, Maybe Just Not As Much of It

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WWD writes, "For the three months ended Oct. 27, the loss narrowed to $123 million, or 56 cents a diluted share, from a loss of $143 million, or 67 cents last year." But: "Sales dropped 26.6 percent [to] $2.93 billion from $4 billion last year. Same-store sales fell 26.1 percent." Shit.