JCPenney’s Q2 net loss widens to 0.32 dollar per share

J. C. Penney Company, Inc. has said that for its fiscal second quarter ended August 4, 2018, comparable sales increased 0.3 percent and net loss for the quarter was 101 million dollars or 0.32 dollar per share compared to a net loss of 48 million dollars or 0.15 dollar per share in the same period last year. Total net sales for the quarter decreased 7.5 percent to 2.76 billion dollars, which the company said, was primarily the result of the 141 stores that closed in fiscal 2017.