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Pier 1 to Permanently Shut Stores After Virus Upends Sale
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Penney has been lagging stronger rivals Macys and Kohls for a while but after former shareholder Bill Ackman installed Apple retail chief Ron Johnson at the helm in late 2011 attempting to modernize JC Penneys strategy all hell broke loose leading to confused customers and falling sales Since Johnsons ouster however the chains management has been hard at work trying to save it The company reported a 2 percent increase in samestore sales for the fourth quarter of fiscal 2013 and a
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