J.C. Penney CEO Ron Johnson's Pay Fell 97% in 2012
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.
ron johnson
5 Winners and Losers of the Week in Business
From a happy homebuilder to an embarrassed yoga gear retailer, here's a rundown of this week's big wins and toughest misses in the business world.
J.C. Penney Backpedals Again to Lure Back Lost Customers
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 Big Companies Paying the Most in Taxes -- and the Least
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.
2 State Pension Funds Want More JC Penney Details from Ackman
Two institutional investors with William Ackman's $12 billion hedge fund plan to reach out to the manager to get more information about the firm's big bet on ailing retailer JC Penney, whose stock has dropped 21 percent this year.
Why J.C. Penney is Really Losing Customers (It's Not the Coupons)
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.
J.C. Penney's Stock Heading for Everyday Low Prices
J.C. Penney stock tumbled last week, fell again yesterday, and is set to slide some more today. A big investor, Vornado Realty Trust, reportedly sold 10 million shares of the retailer on Monday, almost half of its stake.
Why J.C. Penney Was Smart to Hire the Man Behind New Coke
As if J.C. Penney wasn't being subjected to enough mockery this week after its horrible fourth-quarter earnings report, now it's getting grief for hiring the man behind "New Coke." But in this case, the naysayers should take a step back.
5 Winners and Losers of the Week in Business
From Pandora, which is trying to encourage more of its music streamers to pay, to Monster, which is trying to win back a good rep for its an energy drink, here's a rundown of this week's big winners and losers in the business world.
J.C. Penney Has Another Train Wreck of a Quarter
Stop us if you've heard this one before: J.C. Penney had another dismal quarter. But Ron Johnson is optimistic, despite same-store sales that fell 31.7% in the fourth quarter, and nearly a billion dollars in losses in Johnson's first full year at the retailer's helm.
JC Penney's Oscars Ad Makes Bold Claim
JC Penney kicked off a new ad campaign during last night's Oscars broadcast. The spots make a bold and, given the company's recent performance, some would say unlikely claim: That JC Penney will still be going strong 100 years from now.
Macy's CEO to Testify in Fight with J.C. Penney Over Martha Stewart
Macy's Chairman, President and CEO Terry Lundgren is scheduled to testify in New York State Supreme Court on Monday in a trial that pits the department store chain against rival J.C. Penney over a partnership with home diva Martha Stewart.
The 8 Retailers That Will Close the Most Stores in 2013
After years in an unsteady economic climate, being battered by e-commerce on one hand and more effective bricks-and-mortar competitors on the other, these eight chains need the relief that shrinking can provide. And this year, that's exactly what they'll get.
Market Minute: J.C. Penney Brings Back Sales
The struggling department store chain this week will begin adding back some of the hundreds of sales it ditched last year in hopes of luring shoppers who were turned off when the discounts disappeared, says J.C. Penney CEO Ron Johnson.
JCP Denies Tricking Customers With Phony 'Suggested' Prices
The heart of CEO Ron Johnson's makeover of J.C. Penney has been "fair and square pricing": eschewing discounts, coupons and sales in favor of everyday low prices. But now there are allegations that all is not so fair and square on those JCP price tags.