JCPenney's (JCP) Johnson Readies Axe for Upcoming 'Valentine's Day Massacre'
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February 11, 2013 9:30 AM EST
JCPenney (NYSE: JCP) CEO Ron Johnson is making a strong effort to turn around the company. However, his work habits are leaving some employees steaming.
According to the NY Post, Johnson is said to only be at the retailer's Plano, Texas, headquarters about "four days per week, if that," according to one employee.
Johnson commutes to JCPenney's headquarters via chartered... More
February 6, 2013 12:03 PM EST
JCPenney (NYSE: JCP) CEO Ron Johnson spoke with CNBC this morning, issuing comments about how he thinks the first year under his reign went.
Notably, following earlier reports that there might be layoffs at the company's headquarters, Johnson said there's about "a rumor per day on JCPenney and that he won't "comment on that," only that the retailer is looking to operate in the most cost-effective way.
Martha Stewart is... More
February 5, 2013 3:57 PM EST
If J.C. Penney (NYSE: JCP) is in the middle of 'turnaround' you wouldn't know it by visiting the stores. In a research note today, analyst Bernard Sosnick of Golford Securities blasted the retailer for not showing up for the game.
"No work was being done to prepare for new shops in stores we visited in January and... More
January 28, 2013 3:53 PM EST
According to reports J.C. Penney (NYSE: JCP) will once again modify its pricing in an attempt salvage customers lost during an unsuccessful attempt to introduce everyday low pricing. Instead of luring in customer, the new pricing puzzled them, leading to a massive drop in same store sales.
The latest maneuver appears to take a two pronged approach. On the one hand, in order to... More
