Ron Johnson was the Apple VP of retail sales, and sales were booming. Then, in 2011, he took the offer to be the CEO of J.C. Penney. He tried to bring the modern concepts he learned at Apple to JCP, but “people there were entrenched and resist[ed] him.” He was let go in 2013. Now, J.C. Penney is going to close 140 stores. Did Mr. Johnson push JCP too hard, too fast? Can the company ever commit the resources it needs to go toe-to-toe with modern online retailers? Will JCP survive? It’s all in Particle Debris page 2.
Check It Out: Apple, Ron Johnson, J.C. Penney and the Future