With the departure of J.C. Penney style guru Nick Wooster and the return of his predecessor, it's likely the old "basics" will also return to shelves.
Embattled JC Penney CEO Ron Johnson was fired today after sales continued to plummet on his watch.
The CEO of struggling department store J.C. Penney saw his 2012 compensation package plummet nearly 97 percent to about $1.9 million, according to a federal filing.
In a major about-face, J.C. Penney is making a bid to win back some of its former customers by reintroducing brands it recently eliminated, including favorite St. John's Bay.
The federal corporate tax rate is 35% but that's not what most big companies pay, and the disparities can be huge: Some pay billions, while others pay nothing.
While J.C. Penney's disastrous decline has been blamed on Ron Johnson no-coupons pricing strategy, our readers gave a different reason for ditching the retailer.