JCPenney’s shares are tumbling a day after the company announced the departure of Michael Francis, a top executive brought in last October to help redefine the store’s brand.
JCPenney CEO Ron Johnson said that the department store chain is resurrecting the word “sale” in promoting its monthlong events, the latest change to reverse a drop in customers.
JCPenney is on the defensive again as a result of a new Father’s Day ad featuring a real-life gay couple playing with their children.
He helped shape Target’s cheap chic image. He changed the way people shop for Apple gadgets. Now, Ron Johnson faces his biggest challenge yet with JCPenney.
JCPenney’s Myron E. Ullman III is stepping down as chairman and will be replaced by board member Thomas Engibous on January 28.
JCPenney says its new CEO from Apple won’t assume the job’s full duties until February, even though he takes the title in November.
PLANO (AP) – J.C. Penney Co. is looking to bite into the magic of Apple. The Plano-based department store chain has named Ron Johnson, who pioneered Apple Inc.’s retail stores, its next CEO. He will […]