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J.C. Penney's (JCP) Ullman Sees Margin Returning to 2011 Levels

May 16, 2013 5:56 PM EDT

J.C. Penney (NYSE: JCP) CEO Mike Ullman has identified 30 to 40 areas to improve. Comments were made during the company's recent earnings conference call.

Ullman said he doesn't see structural issues that would prevent a turnaround and thinks margin will return to... More