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J.C. Penney Posts Q4 Earnings Surprise, Names New Chief Merchant

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It’s too soon to say J.C. Penney Co. Inc. has an effective turnaround strategy in place, but a fourth-quarter earnings beat and the addition of a new chief merchant has the mass market retailer seemingly off to a good start for fiscal year 2019. As the retailer looks to change its fortunes in the new…

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