J.C. Penney Co Inc posted a smaller-than-expected quarterly loss on Thursday, as the struggling department store operator's efforts to cut costs and shutter unprofitable businesses paid off, sending its shares up 12%.
Reuters: Business News, Reuters: Business
Thu, 08/15/2019 - 8:13am
J.C. Penney Co Inc posted a smaller-than-expected quarterly loss on Thursday, as the struggling department store operator's efforts to cut costs and shutter unprofitable businesses paid off, sending its shares up 12%.