By  on November 14, 2011

It may be worth it in the long run, but for now change is costing J.C. Penney Co. Inc. a lot of money.

On Monday the retailer reported a net loss for the third quarter ended Oct. 29 of $143 million, or 67 cents a diluted share, saying the moderate shopper pulled back while charges to restructure its operations and install new management piled up.

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