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From Home Furnishing Business

JC Penney Narrows Quarterly Loss, Finds Buyer for Texas HQ

J.C. Penney reported a 2.2% quarterly same-store sales increase, and CEO Marvin Ellison stressed the importance of brick-and-mortar stores to expanding online sales.

The company also said it has sealed a deal to sell its 2 million-square-foot headquarters in Plano, Texas, with plans to lease back about 66% of the building.



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