Ron Johnson Out at JCPenney

April 08, 20135:50 PM

Joe Fresh Creative Director Joe Mimran and JCPenney CEO Ron Johnson attend Joe Fresh at jcp launch event on March 7, 2013 in Beverly Hills, California.
Photo by Jason Kempin/Getty Images for jcp

JCPenney announced today that former Apple retail chief Ron Johnson is out as CEO after his failed effort to turn the company around. I went to JCPenney recently and wrote about how Johnson had destroyed the department store while trying to reinvent it.