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Salinas, then 26, helped the chain recover by reducing the number of lines the stores carried and by catering to the lower middle class.
FORBES: The Salinas touch
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Penney was a big sponsor of the Oscar ceremony, with six ads introducing new product lines and a one spot highlighting the history of the chain.
FORBES: The Oscar Goes To... J.C. Penney!
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The supply chain has become slow and over-committed, and stores are cluttered with too many product lines.
ECONOMIST: Has Stuart Rose seen the future of retailing?
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Now a supply chain of myriad links runs all around the world, connecting designers, chipmakers, car-parts firms and assembly lines.
ECONOMIST: World trade
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Pentax lines up most of the same specs for its Optio M30, even including that off-the-chain -- and we're sure incredibly grainy -- 3200 ISO, but instead of a touchscreen, this M30 concentrates on a 0.7-inch thick aluminum body and a fancy auto-macro mode for spiffing up those closeups.
ENGADGET: Pentax debuts a pair of 7 megapixel Optios, the T30 and M30