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.
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.
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.
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.
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.