jc penney

Read Cult of Mac’s latest posts on jc penney:

JC Penney Apologizes For Former Apple Retail Chief Ron Johnson’s $12.99 Billion Blunder

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https://youtu.be/qKQAivS0xsE

Former Apple Retail Chief Ron Johnson’s time at JC Penney was not a good one for the company. Johnson tried to revamp the retailer’s image from a clearing house for cheap junk sold at discounted prices during an endless spree of “sales” and “coupons” into a refined boutique, a store-within-a-store retail concept similar to the Apple Store.

The result? A $12.99 billion year-over-year decline in revenue that got Johnson fired as CEO after his first year on the job. And if that’s not bad enough, JC Penney is now adding insult to injury by releasing a commercial apologizing for the changes he made.

Bullsh*t Rumor Claims Apple Could Be Looking To Replace Tim Cook

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Going nowhere.
Going nowhere.

I’ve been writing for Cult of Mac for almost three years now, and in that time I’ve covered some pretty farfetched Apple rumors. But the latest from Forbes comes with a whole new level of crazy.

“Some Wall Street sources close to some Apple executives” say the Cupertino company could be searching for a replacement for Tim Cook, it claims, before suggesting Cook could turn Apple into another Hewlett-Packard or JC Penney and insisting “Apple’s shine has faded” since the passing of Steve Jobs.

Why Facebook Home Is Good, Bad, And Probably Irrelevant On Our Newest CultCast

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Steam! That’s what Steve Jobs would have had rocket from his ears when he heard about Facebook Home. We’ll explain why on our newest CultCast, but also covet aloud the one feature we hope Apple borrows for iOS. Plus, inside Leander Kahney’s Jony Ive book; Ron Johnson father of the Apple Store takes a boot to the rear; and we wrap with an all new Faves ‘N Raves, the segment where we pitch our favorite tech and apps then vote on which one’s best!

Stream or download new and past episodes of The CultCast on your Mac or iDevice by subscribing now on iTunes, or hit play below and let the good times roll.

Click on through for the show notes.

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Tim Cook Named Highest Paid CEO In America

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No wonder he's always smiling.

Despite taking control of Apple just 18 months ago, Tim Cook has been named by CNBC as the highest paid CEO in America. With an average annual compensation of around $95 million, Cook beats Oracle’s Larry Ellison and JC Penney’s Ron Johnson to the top spot.

Why Ron Johnson Can Never Make JC Penney As Magical As The Apple Store

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jcpenney

When former Apple retail boss Ron Johnson took his leave from Cupertino to become the new CEO of JC Penney late last year, there wasn’t as much “WTF-ing” as you might expect. Sure, there was some incredulity as Johnson left the gleaming stores he had founded for JC Penney’s chain of mouldering clothing outlets, but there was also a lot of optimism: if anyone could turn around a business like JC Penney, it would be Johnson.

Johnson may still succeed, but his first moves at rehabilitating JC Penney have been failures. The stock is tanking and JC Penney posted a $163 million loss last quarter alone. Customers, it seems, are not reacting well to the new JC Penney, which eschews sales, circulars, coupons and fine print for plain, honest pricing… the kind of store where all the .99s are dropped from the price tag.

Why? Honest pricing might work for Apple, but in most of the retail word, it appears to be a sucker’s game. Customers, it turns out, only say they want fair pricing. What the really want to do is treat shopping like a game.

JC Penny Hires Another Apple Retail Exec With New CEO Ron Johnson At The Helm

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Apple's beautiful Covent Garden Store in London
Apple's beautiful Covent Garden Store in London

JC Penny can’t get enough of Apple’s retail talent, as the American retailer has announced the hire of yet another Apple exec. Back in November, former Apple retail guru Ron Johnson left Apple to become the CEO of JC Penny. Now a high-level Apple retail exec has left to work under Johnson.

Ben Fay served for 8 years at Apple as the worldwide head of retail store design, and he will now be in charge of overseeing JC Penny’s own retail design strategy.

“Steve Jobs Would Have Called This Insanity.” Ron Johnson’s Transformation Of JC Penney Begins

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It looks like they're having fun, but Apple's secret rules are nothing to smile about.
It looks like they're having fun, but Apple's secret rules are nothing to smile about.

When’s the last time you went shopping at JC Penney versus the Apple Store? The venerable retailer, overshadowed by the cheap-chic of Target, is looking to reshape itself by putting the iPhone maker’s former retail chief in charge. Ron Johnson, a 10-year veteran of Apple’s retail effort, explained the retailer and Cupertino, Calif. tech giant share much in common.

Welcome to JC Penney, Ron Johnson! Here’s What You’ve Got To Fix [Gallery]

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Now that Apple's ex-VP of Retail is CEO, this Cupertino, California store has become JC Penney's flagship store.
Now that Apple's ex-VP of Retail is CEO, this Cupertino, California outlet has become JC Penney's flagship store.

Earlier today, Apple’s former VP of Retail Ron Johnson shocked everyone by ending his eleven year career in Cupertino to become CEO of JC Penney, a middle-of-the-road department store chain which sells clothing like this.

At Apple, Johnson famously invented the Apple Store concept, defined by each location’s uniiform low-key community vibe, easily accessible solution stations, troubleshooting Genius Bars and uncluttered and austerely aesthetic layouts. At JC Penney, however, Johnson will largely have to reinvent the 1,100 retail stores he’s already got… and what he’s got sure isn’t pretty. Check out this small sample of JC Penney department stores currently blighting the American landscape.