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Bloomberg reports that in the latest blow to JC Penney CEO Ron Johnson's plans to revitalize and remake the chain, Caribou Coffee is pulling out of a deal that would have had it opening stores inside all JCP locations.

Caribou Coffee CEO Mike Tattersfield declined to say why the company was abandoning the plan.
KC's View:
He didn't have to.

I hate to say it, because I've been a big fan and I think his ideas for JC Penney were good and probably necessary. But I don't see Ron Johnson having his job on Memorial Day.