Since Ron Johnson joined JCPenney, the stock has received a free pass. JCP shares are actually up 11 percent despite continuing disappointments. But after all, if anyone can revive a tired retailer, the man who created the Apple retail experience should be the one. Read More
JCPenney's plan to take a $38.5 million stake in Martha Stewart Living Omnimedia is "one of the first cards played in what will be a full hand of moves" by Chief Executive Ron Johnson, "to change the perception of the JCPenney brand," said Piper Jaffray retail analyst Jeff Klinefelter. Read More