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•  JCPenney announced yesterday that it has hired Marc Rosen - most recently Executive Vice President and President of Levi Strauss Americas and, before that, leader of the company's Digital Enterprise Office - to be its new CEO.  Rosen also spent 14 years at Walmart, ultimately serving as senior vice president of global e-commerce.

KC's View:

Good luck to Marc Rosen, who should know that he only got the job because Captain Edward Smith was unavailable (perhaps because he is interviewing for the Sears/Kmart top job).