By  on August 10, 2012

J. C. Penney Co., continuing to feel the impact of its reinvention efforts, today reported that it had a net loss of $147 million or $0.67 per share for the second quarter ended July 28.

On an adjusted basis, excluding restructuring and management transition charges, inventory transition markdowns, gains on the redemption of the Simon REIT units, and other costs, Penney's had a net loss of $81 million, or $0.37 per share.

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