J.C. PEN­NEY STOCK SINKS AS COLD WEATHER ZAPS SALES

USA TODAY US Edition - - MONEY -

Cold weather had a chilling effect on J.C. Pen­ney’s lat­est quar­ter, plung­ing the re­tailer’s stock. The com­pany re­ported a net loss of $78 mil­lion in the quar­ter ended May 5, with just

0.2% growth in sales at stores open at least a year. J.C. Pen­ney blamed a cold April. Its stock dropped more than

11% Thurs­day.

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