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JCPenney squares off strategy with new appointment
PLANO, Texas — JCPenney is looking to make its department store a destination for more than just shopping, and has named a new executive to help lead the charge. Assuming the role of EVP, The Square is Laurie Beja Miller, who will oversee the company's new center core strategy that will serve as a gathering place with ongoing attractions and services, JCPenney announced. Miller will join JCPenney on April 1, and report to CEO Ron Johnson.
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Pier 1 Q4 revenue tops expectations
Fort Worth, Texas -- Pier 1 Imports Inc. said that its total revenue for the fourth quarter, ended Feb. 25, increased a better-than-expected 11.8% to $477 million. Same-store sales rose 10.3%.
The chain said total revenue for the fiscal year ended Feb. 25 climbed 9.8% to $1.53 billion.
The home décor retailer is upbeat about its first-quarter prospects.