Saving J.C. Penney won’t be easy, and there could be no guarantee it can be done. And guess who couldn’t agree more: former CEO Ron Johnson.
“It depends on how they execute,” Johnson said when asked if J.C. Penney would be around in five years. “They are obviously going to have to reduce their store footprint somewhat. They are going to have to get customers back into the store. But they have a lot of smart people. They are going to work really hard. It’s a challenge because the middle American mall is struggling. So they will work really hard at it and if they execute, they will be around in five years.. . . more