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The emergency plan: If J.C. Penney (
) loses its
to sell Martha Stewart home goods inside of its stores, the retailer will reportedly look to Asian suppliers to produce an
of private label bath products, bed linens and kitchenware to fill the void. The trick is that production could take 75 to 90 days and the company would have to takes losses on quite a bit of inventory.
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Ron Johnson should have been terminated a year ago. He's pushed Penney off a cliff and it hasn't hit bottom yet. How long is the board going to let this go on? In the final analysis, it's the board's fault if Penney fails.
Apr 8 08:03 AM
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