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SOUTH PLAINFIELD, N.J. -- A three-year streak of losses and declining sales landed Odd Job Stores in a tough financial position, resulting in the board's decision to sell the majority of its shares to Amazing Savings, an upscale closeout chain.
The deal, approved by shareholders as well, closed last month. Amazing Savings now owns 90.3% of the company's common shares and has brought in its own team of managers to attempt a turnaround at Odd Jobs.
Former ceo Steve Furner has been replaced with a three-person executive team from Amazing Savings. New board chairman Moshael Straus, president Sam Friedland and vice chairman Jeffrey Parker are all co-ceos leading …