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J.C. Penney to Focus More on Higher Margin Apparel and Soft Home Goods

In the first major move for J.C. Penney & Co.’s newly installed chief executive officer Jill Soltau, the retailer will exit the major appliances category and shift gears to focus on soft textiles such as apparel and home furnishings. The retailer on Wednesday confirmed the repositioning of its home department in a company blog. The…

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