Ron Johnson

J.C. Penney (NYSE: JCP) shares jumped more than eight percent Wednesday closing at $9.44. This, despite a $489 million Q3 loss, compared with a $123 million loss during the same period a year ago. The adjusted loss of $1.81 per share was more than the $1.77 per share loss analysts expected...

JC Penney (NYSE: JCP) has certainly seen better days, but just how bad has it gotten? Would you believe shares have reached a 31 year low? Looking back on the tape, it can be seen that in December 2000, JC Penney got very close to Monday's low of $8.59, but didn't quite fall that far, stopping...

Immediately following the closing bell Monday, news broke that Pershing Square Capital, the hedge fund operated by billionaire investor Bill Ackman, was liquidating its entire position in J.C. Penney (NYSE: JCP) The hedge fund held 39 million shares representing an 18 percent stake in the $3...

CEO Mike Ullman and CFO Ken Hannah made some big announcements in JC Penney’s (NYSE: JCP) second quarter conference call. Revenue for the quarter came in at 2.66 billion for a 3.62 percent miss with EPS at a $2.16 loss for a 103.77 percent miss. Ullman did point out that $0.99 of this was an...

Shares of embattled retailer J.C. Penney (NYSE: JCP) rallied sharply late Wednesday and into early trade Thursday following a New York Post report (see tweet below) that August same store sales were tracking higher than forecast. They claim that J.C. Penney was benefiting nicely from back to school...

In a sharp criticism of activist investor Bill Ackman's strategy with J.C. Penney (NYSE: JCP), Gilford Securities' Bernard Sosnick tells Ackman to "get out: for your sake and ours." Gilford has a Buy rating on J.C. Penney. Destructive Force "Bill Ackman, in our opinion, has been a destructive...

The war of words was rekindled Thursday between activist investor, William Ackman, and the J.C. Penney (NYSE: JCP) board of directors, with the board returning fire after Ackman made public a letter in which he urged the board to act quickly to replace interim CEO Myron “Mike” Ullman. In a...

Remember when taking a trip to an Apple (NASDAQ: AAPL) store was an experience in itself -- even if you didn’t buy anything? Remember how cool it was to walk into the store and see all of those beautiful Mac computers set up with iPads as signage instead of some tired 1990s-looking laser...

After a disastrous earnings announcement that left the stock down nearly 32 percent since June 26, Blackberry (NASDAQ: BBRY) executives have some explaining to do. They’ll get that chance Tuesday as the company hosts its annual shareholder meeting 10:00 a.m. EST. Let’s hope CEO Thorsten Heins...

Microsoft (NASDAQ: MSFT) and Best Buy (NYSE: BBY) announced Thursday that the two companies have entered a pact to open 600 Windows stores within Best Buy stores across North America. Microsoft will sponsor 500 Windows stores in the U.S. and 100 in Canada. Stores Within Stores The companies...

Shares of J.C. Penney (NYSE: JCP) were headed higher to start the trading week on Monday, and investors and traders may want to take notice. Although volume was light, which may be a concern, the stock was trading up around five percent late in the session to just under $19.00. Despite terrible...

After J.C. Penney (NYSE: JCP) missed Q1 EPS estimates by more than 50 percent last week, Mike Ullman described the tough situation he faces as CEO in a conference call with investors. Ullman opened the call by noting his conversation with investors and stating, “our fundamental business processes...

After retiring as CEO from J.C. Penney (NYSE: JCP) in November 2011, Mike Ullman returned to the helm in April to try and save the failing retailer. While activist investor Bill Ackman wants Ullman replaced, the board of directors thinks otherwise. The New York Post stated J.C. Penney's board...

First, last Thursday, George Soros bought a nearly eight percent stake in J.C. Penney Corp. (NYSE: JCP). Then came word Friday afternoon, confirmed by J.C. Penney Monday morning that Goldman Sachs (NYSE: GS) has secured $1.75 billion in financing for the company, according to Reuters. What’s...

Famed currency investor George Soros, famous for "breaking the sterling" in the 1980's, has taken a large 7.9 percent stake in struggling retailer J.C. Penney (NYSE: JCP). Soros now is long the stock along with Pershing Square's Bill Ackman and now is opposed by Carl Icahn. Although he has taken a...