J.C. Penney Spent $170 Million to Ins...

J.C. Penney Spent $170 Million to Install Johnson Executive Team

There are 2 comments on the Bloomberg story from May 3, 2013, titled J.C. Penney Spent $170 Million to Install Johnson Executive Team. In it, Bloomberg reports that:

Ron Johnson 's tenure at J.C. Penney Co. will long be associated with a 25 percent sales plunge.

Join the discussion below, or Read more at Bloomberg.

Bad taste in mouth

Apex, NC

#1 May 4, 2013
Waaanaaa, we want you back, waaaaaaanaa, we didn't do anything wrong.

"America, JCP got into the postion they are in all by themselves, yes, from the people at the top that control JCP, JCP takes their core values from this group, no changes there, so they are still the same.

It is time to just let go and say goodbye to JCPenny, it is long dead, all that remains is a shell, JCP.

Sad, but so be it. Reusing a Chevy Impala logo doesn't make it a 60s Impala, it just makes you feel good that it might me. Saying you changed back is just the same thing.

The mismanagement, the totatly arrogant entitlement, the uncontrolled personal perks allowed, does not warrant the public consumer's forgiveness, to change its buying habits to save this once American Icon. It died two years ago. You need to let go.

We have never belittled our consumer base, not one sub group, not one age group, not one individual. We have never "named" called, used derogatory words to describe our consumers or our valued experience associates like some cheap school yard bully. We value our consumer base and respect our employees. Without them we wouldn't be in business and we thank you.

We are [fill in the blank]".

The ad JCP competitors should run, if JCP had any.

Hey Ronnie, "who is backed in a corner now? Who put them there?" .
Maybe you should ask the CEO of Macy's. Wait, you best friend Stewart might know, she too is laughing to the bank.

Macy's needs a "Ron Johnsoned" day, you know huge saving day, just bring your coupons. Ah that Ron smile.....priceless......

Since: Mar 13

Pittsburgh, PA

#2 May 4, 2013
while I would love to see Ackmans hedge fund bankrupt:) Ending the hedge funds trying to run retailers, where woud that leave all the loyal hard working ld penneys employees?

have a little heart, the top management and ackman were fools, but dont look at putting penneys out of business as a good thing...

There are still 15,000 or so remaining penneys workers plus all their suppliers, to say nothing of areas where penneys is the only store.

Penneys if it survives will be a miracle, why make it impossible?

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