Former Apple Retail Chief Ron Johnson’s time at JC Penney was not a good one for the company. Johnson tried to revamp the retailer’s image from a clearing house for cheap junk sold at discounted prices during an endless spree of “sales” and “coupons” into a refined boutique, a store-within-a-store retail concept similar to the Apple Store.
The result? A $ 12.99 billion year-over-year decline in revenue that got Johnson fired as CEO after his first year on the job. [Read More...]











