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J.C. Penney resumes old pricing strategy; marketing exec leaves for Home Depot
Plano, Texas -- A Tuesday report by Reuters said that embattled J.C. Penney Co. has recently revived its previously abandoned pricing strategy of raising prices on its own brands then discounting them as a way to spike sales and margins.
Citing an emailed statement by Penney spokeswoman Daphne Avila, Reuters reported that the retailer began changing price tags on merchandise earlier in March and expects to complete the process in April.
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Lineup of new tenants to open at Kentucky Oaks Mall
Paducah, Ky. -- Youngstown, Ohio-based Cafaro Co. said that a new restaurant and two new stores will open at its Kentucky Oaks Mall property, located in Paducah, Ky.
Los Burritos Locos will open a 2,400-sq.-ft. restaurant on April 1 near the mall’s main entrance. Yankee Candle will open a 1,200-sq.-ft. store between Gymboree and Victoria’s Secret in June, and Shoe Carnival will occupy more than 16,300 sq. ft. next to David’s Bridal.