J. C. Penney (JCP) Weakens after CEO Interview

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Shares of J. C. Penney Company, Inc. (NYSE: JCP) weakened following the CNBC's interview with CEO Ron Johnson.

Below are some highlights:

• Re-introducing sales at certain times like Valentines Day, Easter
  
• Top priority this year is to return to growth
  
• Martha Stewart goods coming in May
  
• Says should have been clearer on pricing policy
  
• Going after younger, more affluent consumers
  
• Transformation will be self-funded
  
• on track to finish transformation by 2015
  
• Calls bondholder default claims groundless

Shares of JCP are down 2.8 percent mid-day to $19.25.

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