JCPenney To Stop Selling Furniture, Appliances; Still Selling Clothes
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In a desperate attempt to revitalize her company's struggling business after Bill Ackman and a succession of CEOs failed to turn the struggling retailer around, new JC Penney CEO Jill Soltau revealed on Wednesday a plan to stop selling appliances and concentrate on clothes in the latest attempt to arrest the decline of the US retail world's second-fastest melting ice cube,

According to Bloomberg, the struggling retailer, which is facing the risk of a bankruptcy filing in the not-too-distant...

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