Ron Johnson Slams Critics As 'Inaccurate' And 'Uninformed ...

The Story Recently

Eventbrite makes it happen Create an event and sell tickets online through Eventbrite. It's simple! Sign up and get started today. From our sponsors

Ron Johnson Slams Critics As 'Inaccurate' And 'Uninformed ... Oct 29th 2013, 15:04 Brian Kersey/Getty Images JCPenney ex-CEO Ron Johnson is lashing out at his critics after more than a year of being beaten up in the press and wholly blamed for the retailer's spiraling revenue losses. Johnson told Forbes reporter Barbara Thau via email that criticisms of his tenure at JCPenney have been "lacking in depth, largely inaccurate and surprisingly uninformed." Johnson declined to elaborate, however, saying it's premature to discuss his tenure, Thau reported. Johnson was fired in April after less than two years at the helm of the department store. His decision to change the store's pricing strategy has been blamed for the chain's catastrophic losses, which haven't stopped spiraling since he left.  In the most recent quarter, JCPenney posted a net loss of $586 million, or $2.66 a share, and same-store sales were down about 12% from the previous year. SEE ALSO:  11 Pictures From The Golden Days Of JCPenney Source: http://www.businessinsider.com/ron-johnson-slams-critics-as-inaccurate-and-uninformed-2013-10

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions