Mike Ullman is named the interim CEO of JC Penney, reports CNBC's Scott Wapner. The press release says Johnson is "stepping down."
According to sources, Ron Johnson is no longer the CEO of JC Penney, with the Fast Money traders and CNBC's Courtney Reagan.
CNBC's Scott Wapner reports according to a source, Ron Johnson is no longer the CEO of JC Penney.
Stocks reversed their early losses to end near session highs in thin trading Monday, but investors hesitated to jump in ahead of what is expected to be a lackluster first-quarter earnings season.
Macy's and JC Penney continue to battle over who can sell Martha Stewart products in certain categories. Carter Worth, Oppenheimer, and Marc Lichtenfeld, The Oxford Club Association, discuss.
The retailers are back in court to battle over who has the right to sell certain categories of Martha Stewart branded products, reports CNBC's Courtney Reagan.
Take a look at some of Monday's midday movers:
Both retailers are back in court over a battle to sell select Martha Stewart branded products, reports CNBC's Courtney Reagan.
CNBC's Courtney Reagan reports the legal battle continues between the two retailers for the right to sell the Martha Stewart brands.
U.S. futures were higher on Wall Street Monday, following the worst weekly decline for major averages this year ahead of earnings results from Alcoa after the close.
Macy's and rival J.C. Penney are due back in court Monday in their battle over Martha Stewart home goods after a month-long mediation effort appeared to have failed.
William Ackman, JC Penney's largest shareholder, criticized CEO Ron Johnson's strategy, saying that "big mistakes have been made."
The retailer is soft-launching some of its home shops—in-store boutiques for furnishings from designers such as Jonathan Adler and Michael Graves—hoping that they will help spur plummeting sales. The Street will be watching.
Here are stocks that helped lead the S&P 500 index to new all-time highs but currently face significant business challenges. The Fiscal Times reports.
CNBC's Scott Wapner reports former JC Penney CEO Allen Questrom toured the new prototype store with CEO Ron Johnson and seems to have come away impressed.
The retailer is teaming up with jewelry designers. Kara Ross, jewelry designer, discusses what shoppers can expect to see at the Bijoux Bar.
JC Penney had a rough year in 2012 with shares down 47 percent, reports CNBC's Courtney Reagan. The retailer's CEO Ron Johnson received no stock awards, and his base pay was unchanged.
There needs to be more transparency in the way companies value the compensation of their chief executives, said former Playboy chief Christie Hefner, now at the Center for American Progress.
Last year was a tough one for JC Penney, and now CEO Ron Johnson and other C-suiters are feeling the hit in their paychecks.
CNBC's Courtney Reagan reports the troubled CEO will not get a bonus or stock awards for 2012, as the retail giant implements a series of turnaround plans. And, Christie Hefner, former Chairman & CEO of Playboy Enterprises, discusses how to evaluate executive compensation.