JC Penney turnaround showing signs of taking hold
Popular house brands were lifting gross profit margin
Bill Ackman resigns from JC Penney board
Retailer’s largest shareholder has been a persistent critic of the firm’s management
Procter and Gamble replaces CEO with predecessor
A.G. Lafley brought back to rekindle growth at world’s largest consumer product maker
JC Penney board comes under fire for chief executive switch
Expert suggests investors might rout board
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