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Take the "fair and square pricing" scheme, which abruptly did away with J.C. Penney's neverending stream of coupons, sales and promotions. Johnson wasn't just dismantling the company's long ...
Mark Lennihan/AP J.C. Penney is out today with another quarter of brutal sales figures, and it rather explicitly says that former CEO Ron Johnson is to blame. For the sixth consecutive quarter ...
After 17 months on the job, J.C. Penney last week showed CEO Ron Johnson the door after the former Apple executive failed to turn sales around at the nationwide department store. While much of the ...
Ron Johnson (born October 15, 1959) is the CEO and founder of Enjoy Technology. Previously, he was CEO of JCPenney, where he led a failed effort to fundamentally reshape the retailer; senior vice president of retail operations at Apple Inc., where he developed the concept of the Apple Retail Stores and the Genius Bar; and the vice president of merchandising for Target Corporation, where he was ...
Finally, troubled retailer J.C. Penney fleshed out its Christmas sales report with some meat investors could sink their teeth into. Unfortunately, it's been on a starvation diet and there's not ...
To say this week has been brutal for J.C. Penney shareholders seems a massive understatement. The stock has lost more than 30% since Monday, when I pointed out that the struggling retailer was ...
Liquidation sales began on May 22, and the stores closed by July 31. [166] Another 8 stores and a distribution center closed in 2018 while over 50 additional stores were expected to close between mid-2019 and late 2020. [167] [168] JCPenney filed for bankruptcy on May 15, 2020, and announced plans to close at least 242 stores. [169]
By Ira Kalb, Marshall School of Business, USC JC Penney (JCP) has just reported even worse results for their second quarter than they had during their first quarter under new CEO Ron Johnson.