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Published April 09, 2013, 09:09 AM

JC Penney looks to old CEO to secure its future

NEW YORK (AP) — J.C. Penney is hoping its former CEO can revive the retailer after a risky turnaround strategy backfired and led to massive losses and steep sales declines.

By: ANNE D'INNOCENZIO,AP Retail Writer, Associated Press

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