I am trying to removeClass from "li" but it doesn't work. Here is my function:
function setStore($s, id, name) {
    //alert("length: " + $s.parents('ul.popup-cbo-menu').find('li.selected').length);
    $s.parents('ul.popup-cbo-menu').find('li.selected').removeClass('selected');
    //alert("length: " + $s.parents('ul.popup-cbo-menu').find('li.selected').length);
    //$s.parent('li').addClass('selected');
    $('#cboStores').val(name);
}
I can confirm that the "selected" is removed by putting alert. But for some reason, it doesn't affect the actual "li".
Here is the jsfiddle: http://jsfiddle.net/87xswem7/9/. However, but for some reason, jsFiddle is unable to find setStore() function.
Here is how I create the popover:
$(document).ready(function () {
    $("#cboStores").popover({
        viewport: 'body',
        trigger: 'click',
        placement: 'bottom',
        html: true,
        content: '<ul class="popup-cbo-menu">' +
                 '   <li><a href="#" onclick="setStore($(this), -1, \'All Stores\')">All Stores</a></li>' + 
                 '   <li class="selected"><a href="#" onclick="setStore($(this), 1, \'My Foot\')">My Foot</a></li>' +
                 '   <li><a href="#" onclick="setStore($(this), 2, \'My Foot 1\')">My Foot 1</a></li>' +
                 '</ul>',
        template: '<div class="popover cont-popup-cbo-menu" role="tooltip">' +
                  '   <div class="arrow"></div><h3 class="popover-title"></h3>' +
                  '   <div class="popover-content"></div>' +
                  '</div>'
    }).blur(function () {
        $(this).popover('hide');
    });
});
And here is my input box in html:
<input type="text" id="cboStores" value="My Foot" />

