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Re:JC Penney ousts CEO Ron Johnson by thematt on Tuesday April 09, 2013 @10:39AM (#5518345)
Was Eddie Lampert ever serious about turning it around though, from a retail perspective? From what I recall his actions showed that he simply wanted to bleed Sears and KMart dry. He slashed capex and refused to make any tangible improvements to the retail experience, his whole focus seemingly on liquidating assets and reallocating capital away from the stores.

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