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Former J.C. Penney (JCP +1.1%) head honcho Allen Questrom torches the strategy of Ron Johnson,...

  • Friday, August 17, 2012, 12:56 PM ET
    Former J.C. Penney (JCP +1.1%) head honcho Allen Questrom torches the strategy of Ron Johnson, joining the crowd to say he's "shocked" by the direction of the company. Looking for a JCP bull? Macquarie's Liz Dunn comes to the rescue with her view that the firm may have beat rivals to the punch by setting in motion changes before traditional retail dies off. Perhaps a curious take though, with rival Dillard's (DDS) sporting growing profits and sales on top of a runaway stock price.
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This news story has 3 comments:

  •  
    This is an sign JCPenney has gone wrong. Ron Johnson's vision may be correct for the new model of retailing but the way it's being carried out it's very incorrect, I found this website that shows that Ron Johnson is only hurting JCPenney by abandoning its customer base: WWW. saveSanFernandoJCPenne...
    17 Aug 2012, 05:01 PM Reply Like
  •  
    If only Johnson could hear how sad his former customers are. Older women in particular feel their JCP will never be the same and there is a sad sort of acceptance.

    They miss the big catalogs.....a lot at Christmas time.

    Me too. Sad.
    18 Aug 2012, 05:28 AM Reply Like
  •  
    I feel the same way. There is not much of anything in Penney's anymore to appeal to the older crowd. Too bad.
    21 Aug 2012, 04:04 PM Reply Like
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