J.C. Penney plans to restore discounts and coupons

04/14/2013 | Bloomberg

J.C. Penney will follow the ouster of CEO Ron Johnson with a reversal of his policy that eliminated discounts and newspaper coupon advertising. Activist investor William Ackman also criticized Johnson's absentee style, saying Johnson's commuting from New York and California hurt the Plano, Texas-based company.

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