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NEW YORK, May 21- Shares of Saks Inc climbed higher Tuesday after the New York Post reported that the luxury department store chain hired Goldman Sachs to explore strategic alternatives, including a possible sale, citing a source briefed on the matter. They closed up 11.3 percent at $13.67 in regular trade, giving Saks a market value of more than $2 billion.
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NEW YORK, April 25- Billionaire investor George Soros reported a 7.9 percent passive stake in struggling department store chain J.C. Penney Co on Thursday.
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April 15- J.C. Penney Co Inc has borrowed $850 million from its $1.85 billion revolving credit facility to help buy inventory as the department store operator revamps its business strategy after a failed turnaround.
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NEW YORK, April 12- A New York judge on Friday handed embattled J.C. Penney Co Inc an interim victory in its dispute with Macy's Inc over goods designed by Martha Stewart. The two retailers are battling over the rights to sell Martha Stewart products in what are challenging times for department stores, especially J.C. Penney.
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Three more top executives at J.C. Penney have left the ailing retailer, the New York Post reported, following the ouster of Chief Executive Ron Johnson.
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*J.C. Penney tumbles after CEO shake-up. *Alcoa falls after revenue misses expectations. J.C. Penney was the largest loser on the S&P 500 as its shares slid 10.8 percent to $14.16 after the department store chain replaced Chief Executive Ron Johnson with his predecessor.
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*Department store J.C. Penney tumbles after CEO shake-up. NEW YORK, April 9- U.S. stocks were flat on Tuesday as cautious investors waited to see if earnings would keep the market rally alive, while the choice of chief executive at J.C. Penney sent the retail chain plunging.
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Penney shoppers: Meet the new boss. The struggling department store chain parted ways with Chief Executive Ron Johnson, who failed to win over shoppers and investors with his everyday-low-price strategy, and on Monday rehired Johnson's predecessor, former CEO Myron Ullman, to revive the company.
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April 8- Ron Johnson is out as chief executive of the department store chain J.C. Penney, which said on Monday that former boss Mike Ullman would return as CEO less than two years after Johnson replaced him. J.C. Penney shares rose 10.8 percent in after-hours trading after the news, first reported by CNBC.
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April 8- Ron Johnson is out as chief executive of the department store chain J.C. Penney, CNBC reported on Monday, citing a source. The company did not return calls for comment. J.C. Penney shares rose 10.8 percent in after-hours trading after the CNBC report.
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April 2- J.C. Penney Co Inc Chief Executive Ron Johnson received total compensation of $1.9 million in 2012, according to a regulatory filing on Tuesday, a sharp decline after a year that saw the department store chain's sales fall perilously.
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April 1- It's crunch time for J.C. Penney Co Inc Chief Executive Ron Johnson. The struggling department store chain is poised to open the first of its new home goods boutiques on April 5, a launch that Johnson himself has called "pivotal" to his efforts to revive Penney.
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April 1- It's crunch time for J.C. Penney Co Inc Chief Executive Ron Johnson. The struggling department store chain is poised to open the first of its new home goods boutiques on April 5, a launch that Johnson himself has called "pivotal" to his efforts to revive Penney.
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Dollar General posted a higher quarterly profit on Monday as increased sales of food and other basics helped drive growth despite consumers' concerns about the economy.
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March 25- Dollar General Corp posted a higher quarterly profit on Monday as increased sales of food and other basics helped drive growth despite consumers' concerns about the economy. The discount chain earned $317.4 million, or 97 cents per share, in the fourth quarter ended on Feb. 1, up from $292.5 million, or 85 cents per share, a year earlier.
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HONG KONG, March 22- CVC Capital Partners and PT Multipolar Tbk raised around $1.3 billion by selling part of their stake in Indonesian retail giant PT Matahari Department Store, sources said, underlining the profit potential for private equity firms in fast-growing Southeast Asian markets.
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KUALA LUMPUR/ HONG KONG, March 22- CVC Capital Partners and PT Multipolar Tbk raised about $1.3 billion by selling shares in retailer PT Matahari Department Store, sources said on Friday, capitalising on investor demand for Indonesian consumer stocks to profit from one of their key investments in Southeast Asia.
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March 7- J.C. Penney Co Inc said it has recently laid off about 2,200 employees at 100 of its stores and district offices, the latest move by the struggling department store operator to contain costs as it contends with deep sales declines.
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March 6- Two more analysts downgraded ratings on J.C. Penney Co Inc's stock amid growing uncertainty around the department store chain's turnaround, leaving its shares with only one "buy" rating out of 20 Wall Street investors covering the retailer.
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March 6- Two more analysts downgraded their ratings on J.C. Penney Co Inc shares amid growing uncertainty around the department store chain's turnaround, leaving the stock with only one "buy" rating. They have slid 32 percent since Penney reported disastrous holiday quarter results last week.
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March 4- Supervalu Inc on Monday named a new president for its Save-A-Lot discount chain and announced other management changes as the supermarket operator and food distributor gets ready to close a deal that will make it a leaner company.