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Article updated: 2/27/2013 7:27 PM

Penney posts 4th straight big loss

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A shopper drags her purchases past a line of customers waiting to pay at a J.C. Penney store, in Las Vegas.

Associated Press/November 2012

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During the fourth quarter that ended Feb. 2, Penney’s revenue at stores opened at least a year — a figure the retail industry uses to measure of a store’s health — dropped 31.7 percent.