Sitt Says J.C. Penney Has to Consider Going Private

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April 9 (Bloomberg) -- Joseph Sitt, founder and chief executive officer of Thor Equities LLC, talks about the ouster of J.C. Penney & Co. Chief Executive Officer Ron Johnson, the reinstatement of his predecessor Myron Ullman III and the outlook for the retail industry. Sitt speaks with Betty Liu on Bloomberg Television's "In the Loop." (Source: Bloomberg)

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