Bill Ackman Investment JC Penney Reports Underwhelming Second-Quarter Earnings

Aug 10, 2012

J.C. Penney (JCP, Financial), the retailer investor Bill Ackman is trying to reinvent, reported a loss in the second quarter and a decline in sales. It has dropped its expectations for full-year 2012, but expects a return to profitability in 2013:

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