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J.C. Penney CEO tells analysts 'more work to be done' after stepping in 18 months ago

2014-10-08 18:56:35| Apparel - Topix.net

J.C. Penney chief financial officer Ed Record outlined Penney's plan to return to profitability which includes regaining $3.5 billion in lost sales. J.C. Penney CEO Mike Ullman told analysts in New York this morning that when he returned to the company 18 months ago today, he knew Penney "was down but not anywhere near out."

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