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

|About: J.C. Penney Company Inc. (JCP)|By:, SA News Editor

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.