Michael Francis News
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Ron Johnson’s tenure at J.C. Penney Co. will long be associated with a 25 percent sales plunge. Lost amid the criticism since his departure last month is the $170 million it cost to install Johnson and his top three executives.
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J.C. Penney Co. has parted ways with another top marketing executive as declining sales threaten Chief Executive Officer Ron Johnson’s overhaul of the department-store chain.
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J.C. Penney Co. lost its vice president of strategic marketing to Home Depot Inc., marking the third high-profile exit from that division for the ailing department-store company in the past 10 months.
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J.C. Penney Co. fell the most in a month after announcing president Michael Francis was leaving in the wake of a marketing strategy that flopped with shoppers.
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J.C. Penney Co. hired away Target Corp.’s chief marketing officer as incoming Chief Executive Officer Ron Johnson builds a team to revamp the third-largest U.S. department-store chain.
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Ron Johnson, J.C. Penney Co.’s chief executive officer, said he wanted to sell Martha Stewart- branded goods to help transform the retailer’s business, and he needed Stewart to change her agreement with Macy’s Inc.
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Before Ron Johnson took the stage yesterday to unveil his revival plan for J.C. Penney Co., William Ackman, the chain’s largest shareholder, vowed it would be the most important day for retailing in 25 years.
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J.C. Penney Co. Chief Executive Officer Ron Johnson today laid out his plans to revive the retailer, starting with an overhaul of pricing and store layouts.
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Symantec Corp. and Adobe Systems Inc. were among 10 companies sued for patent infringement by Uniloc USA Inc., which has been in a legal battle over anti- piracy technology with Microsoft Corp . since 2003.
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J.C. Penney Co. Chief Executive Officer Ron Johnson, who took over this month after running Apple Inc.’s retail operations, is reviewing products, pricing and promotional strategies to help revive sales.
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