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Former Apple retail chief under fire as JC Penney stock plummets

Wednesday, 16 May 2012

With a little over six months on the job as JC Penney's chief executive, former Apple senior vice president of retail Ron Johnson is already seeing criticism of the major overhaul he designed for the ailing department store chain as a recent earnings call revealed substantial losses.
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Source: Bloomberg - on May 16, 2012

News video: Jay Margolis on J.C. Penney's Loss, Pricing

Jay Margolis on J.C. Penney's Loss, Pricing

May 16 (Bloomberg) -- Jay Margolis, a Bloomberg Television contributing editor and former retail executive, talks about J.C. Penney Co.'s first-quarter loss and the strategy of Chief Executive Officer Ron Johnson. Margolis speaks with Betty Liu on Bloombe

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