Ron Johnson

You’ve heard the news by now. Ron Johnson is out at J.C. Penney (NYSE: JCP). The market, along with the financial media, is responding as if it’s a big surprise; but is it really? Perhaps the legacy he’ll leave is some product line called Joe Fresh, a Martha Stewart lawsuit and a proven ability...

He lost his job in 2011. Now J.C. Penney (NYSE: JCP) has asked its former CEO, Mike Ullman, to come back and save the struggling retailer. Ullman was more or less ousted in 2011 after activist investor Bill Ackman pushed for him to retire. The investor was unhappy with J.C. Penney's stock...

When it was announced that Ron Johnson had 'resigned,' shares of J.C. Penney (NYSE: JCP) soared, rallying over ten percent. That is, until his successor was announced. The man named to take the helm and right the ship after Johnson's disastrous tenure was no other than Mike Ullman, the chief...

The Ron Johnson experiment at J.C. Penney (NYSE: JCP) is over. In steps former CEO Mike Ullman as an interim CEO to fill the gap until the board of directors can find a full-time replacement. Shares are tumbling as sales growth stalls and customer traffic plunges. The real question is: Where does...

Futures Rise On Alcoa Beat U.S. equity futures rose slightly in pre-market trade following a positive report from economic bellwether Alcoa (NYSE: AA). Alcoa reported first quarter EPS ex-items of $0.11 which beat estimates of $0.08 but sales fell slightly short of the forecast. Alcoa also...

Ron Johnson's plan for J.C. Penney (NYSE: JCP) has failed. According to the New York Post, the former Apple (NASDAQ: AAPL) executive and current J.C. Penney CEO attempted to radically change the company's pricing structure in an effort to re-shape the brand, but instead the retailer has driven...

In a note released Thursday, analysts at BTIG initiated JC Penney (NYSE: JCP) with a Buy rating and $22 price target. Analysts believe that shares of the retailer are, at these levels, an “option on the ultimate outcome of the firm's transformation.” BTIG's note on the retailer is particularly...

Despite some volatility, Pershing Square's Bill Ackman remains as convinced as ever about his investments around JC Penney (NYSE: JCP) and Herbalife (NYSE: HLF). Roughly 8.4% of Pershing Square's capital is invested in JC Penney -- over 240 million shares -- while Pershing is short 20 million...

Shares of JC Penney (NYSE: JCP) spiked Tuesday, rallying nearly 3%, after rumors swirled that CEO Ron Johnson was set to resign. The rumors were significant enough to solicit a response from the company, which said that Johnson had “no plans” to leave. Despite the denial, JC Penney shares were...

Former JC Penney (NYSE: JCP) CEO, Allen Questrom, spoke on CNBC Wednesday. He was extremely critical of Ron Johnson's turnaround strategy and stated that the board has to act now. Questrom said Ron Johnson wasn't a reliable source for the state of the company, suggesting that it was in shambles....

The bad news just keeps on coming for JC Penney (NYSE: JCP). On February 15, Benzinga reported on Gilford Securities' downgrade of the Plano, Texas-based firm. Then, after finishing far below expectations on the earnings front, JC Penney's stock plunged 17 percent to close out February. Now, a...

Shares of J.C. Penney (NYSE: JCP) fell over 5% in Monday's after-hours session, trading below $16. J.C. Penney had been down for most of the day, ultimately closing at $16.74, for a loss of about 5%. The company had been squaring off with Macy's (NYSE: M) in court over the right to carry Martha...

On Thursday, Groupon (NASDAQ: GRPN) fired its co-founder and CEO Andrew Mason. The young executive had been on the hot seat over the last year as shares of Groupon have fallen 74 percent over the last 52-weeks. In a humorous and self-deprecating letter to Groupon's employees, Mason wrote "I was...

Shares of retailer J.C. Penney (NYSE: JCP) fell on Wednesday after the company reported earnings that were worse than analysts expected. Shares were down as much as 10%, but bounced back slightly in after-hours trading as investors digested the numbers. J.C. Penney reported a loss per share of $1....

In an exclusive interview on CNBC, J.C. Penney (NYSE: JCP) CEO Ron Johnson said the company has focused on selling products at the right price, the first time, which he refers to as the "first price, right price" theory. Below are some highlights: Goals and Reflections: Wants to be America's...