Penney's net loss widened to $348 million or $1.58 per share, in the first quarter from $163 million, or 75 cents a share, in the year-earlier period. This included $72 million in restructuring and management transition charges, including $28 million for its home office and stores, $28 million for store fixtures and $16 million for its management transition. Excluding these items, J.C. Penney reported a quarterly loss of $289 million, or $1.31 a share, bigger than its loss of $55 million, or 25 cents per share, a year ago.