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financial

financial

February 27, 2013

J.C. Penney's Losses Grow, Ron Johnson Tweaks Plan

Retailer fell deep into the red in the fourth quarter and full year, with losses of $552 million and $985 million, respectively.

By Vicki M. Young

financial/news

The numbers were as bad as feared.

J.C. Penney Co. Inc. fell deep into the red in the fourth quarter and full year, with losses of $552 million and $985 million, respectively,...