Tag Archives: Marvin Ellison

Ron Johnson Still Believes His Disastrous Strategy Was Right For JC Penney

By | May 19, 2016
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Ron Johnson was brought into JC Penney(JCP) by Bill Ackman to be CEO. He was a rockstar on his entrance in 2011, coming off the success of the Apple(AAPL) Store and, previously, success at Target(TGT).  Ackman thought he was getting Steve Jobs but he got Gil Amelio. Seventeen months later, Johnson was out, his reputation more like Vanilla… Read More »

J. C. Penney Buries The Lede, Mutters Something About Great Q3 Same Store Sales And Margins

By | November 11, 2015
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The title on this morning’s press release from J. C. Penney(JCP) reads “J. C. Penney Company, Inc. Announces Settlement of Class Action Lawsuit,” and, indeed it did. But hidden in the same press release, in the fourth paragraph the company comments on Q3 numbers. “While we are confident of our position, resolving this litigation removes any uncertainty and… Read More »