09/04/13 14:50 Filed in: Retail
After a troublesome 17-month run, Ron Johnson is out as chief executive of J. C. Penney, and with that, the most closely watched revival effort in retail in recent memory is in danger of disintegrating.
The company’s board said on Monday that Mr. Johnson, who engineered Apple’s retail strategy, is leaving Penney and that Myron E. Ullman III, who had been C.E.O. at the retailer for seven years until Mr. Johnson took over, has returned to the helm.
With Ron Johnson out of J. C. Penney, surely it is almost too easy to see him rejoining Apple, back to a position he held until 2011? Apple are currently without a retail chief after they parted company with John Browett.
Just to note- this was the way J. C. Penny saw Johnson in June 2011: “Ron Johnson is the Steve Jobs of the retail industry”. How things change..