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The company continues to lose money and burn cash, with no turnaround in sight. Investors are bailing out from the stock, which dropped to single digits during Friday s trade, following a stock offering by the company. A strategic mistake made close to two years ago, regarding its pricing strategy --replacement of sales through coupons with everyday low prices. The old policy has been working well for retailers, because it hypes consumer emotions, making them feel smart and encouraging them to talk with other consumers about it. JC Penney did away with this strategy after Ron Johnson assumed the helm of the company, modeling the company s stores after those of Apple. Another reader thought that the company did more than just eliminate sales coupons; it moved away from its core business.

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