Tagged: ron johnson

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

by Craig Douglass 6/3/2013 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.