The JC Penney Debacle: Consumers Win (Craig Douglass On Consumers)

by Craig Douglass  on Monday, Jun. 3, 2013 12:00 am  

After losing 25 percent of its overall business in 2012, and posting a first-quarter sales drop of 16 percent over the same period last year, the J.C. Penney board brought to an end CEO Ron Johnson's 17-month tenure and his revamped pricing strategy.

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