JCPenney Bogged Down by Soft Traffic in Q2

JCPenney Bogged Down by Soft Traffic in Q2

Penney Intermediate Holding reported its JCPenney operations turned to a loss in the second quarter as traffic remained slow. Net loss was $33 million versus net income of $36 million in the year-previous quarter. Comparable sales slipped 7.7% in the quarter year over...