FILE - In this March 1, 2013 file photo J.C. Penney Chief Executive Officer Ron Johnson gestures from the witness stand at State Supreme Court in New York. Johnson vowed to transform the beleaguered chain with trendy merchandise and break shoppers’ addiction to sales with everyday low prices. But the rapid-fire changes alienated Penney’s middle income consumers, resulting in nearly a billion loss and a 25 percent sales drop in the first year of Johnson’s plan. He was fired after 17 months on the job. (AP Photo/Thomas Iannaccone, Pool, file)
Featured Photo Galleries
