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Ron Johnson

A collection of news and information related to Ron Johnson published by this site and its partners.

Top Ron Johnson Articles

Displaying items 12-22
  • J.C. Penney 'pleased' with holiday; analysts, not so much

    J.C. Penney 'pleased' with holiday; analysts, not so much
    J.C. Penney Co. said it’s “pleased with its performance for the holiday period” and reaffirmed its forecast for the fourth quarter. The Plano, Texas, company, which has struggled with an identity crisis in recent years, said...
  • J.C. Penney cutting 33 stores and 2,000 jobs; sales commission returns

    J.C. Penney cutting 33 stores and 2,000 jobs; sales commission returns
    J.C. Penney Co. is attempting to right-size itself by closing 33 under-performing stores around the country and eliminating 2,000 positions, the retailer said Wednesday. The Plano, Texas, company said it hopes the effort will save $65 million a year...
  • Are J.C. Penney's turnaround moves wise or foolish?

    It's not looking pretty for J.C. Penney. The Plano, Texas, company said this week that it plans to close 33 under-performing stores around the country by early May and shave 2,000 jobs off its books. Chief Executive Myron Ullman called the move —...
  • Sanford pastors praise progress after Trayvon Martin's death, George Zimmerman's acquittal

    Sanford pastors praise progress after Trayvon Martin's death, George Zimmerman's acquittal
    A group of black and white Sanford-area pastors united by the shooting death of Trayvon Martin reconvened Wednesday for a racial-reconciliation forum they hope will spread nationwide. They hope Sanford, which did not experience violence after the...
  • J.C. Penney says N.Y. Post report of CIT lending stoppage is untrue

    J.C. Penney Co. said a New York Post article on Wednesday reporting that commercial lender CIT Group Inc. had halted funds to some of its suppliers is untrue. In a statement Thursday, J.C. Penney said that CIT “continues to factor and support...
  • J.C. Penney scuffle: Ackman calls for ouster of Chairman Engibous

    Activist investor Bill Ackman and the board of J.C. Penney Co. are disagreeing -- very publicly -- about who should head the struggling retailer. Ackman and the department store chain exchanged a volley of letters and statements this week, squabbling...
  • Office Depot narrows CEO search to five candidates

    Office Depot narrows CEO search to five candidates
    Office Depot's 1,700 employees in Boca Raton may soon know who their new boss is. Office Depot and OfficeMax, which agreed to a $1.2 billion merger in February, said Monday that it has narrowed down its selection to five candidates of a new chief...
  • Ackman out at J.C. Penney after spat over CEO, chairman

    J.C. Penney’s turmoil at the top continued Tuesday as activist investor Bill Ackman stepped down from the board following a public disagreement over the struggling retailer’s choice of chief executive and chairman. Ackman, whose Pershing...
  • Bill Ackman steps down from J.C. Penney board

    Boardroom brawling at J.C. Penney Co. has claimed its latest casualty: activist investor Bill Ackman, who stepped down as a director after publicly voicing concerns about the struggling retailer's chief executive and chairman. The department store chain...
  • J.C. Penney earnings worse than expected, but hope endures

    J.C. Penney Co. on Tuesday reported yet another round of dismal quarterly earnings, disappointing Wall Street as the struggling retailer pushes through yet another turnaround effort pocked by infighting and investor concern. In its second quarter (the...
  • J.C. Penney loss widens as revenue falls 12%

    J.C. Penney Co. on Tuesday reported yet another round of dismal quarterly earnings, disappointing Wall Street as the struggling retailer pushes through a turnaround effort pocked by infighting and investor concern. In its second quarter, which ended...