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News Link • Entrepreneurship

Ron Johnson Really Is Destroying JC Penney

• Business Insider
 On the “heels” of Ron Johnson’s presentation in front of Fashion Group International several days ago, much ink has been “spilled” (at least theoretically so) on both the financial free-fall of JC Penney (JCP) and whether Johnson’s vision has legs. While the media’s cited Penney’s 33% drop in share price and decreased sales (one expert predicts sales will drop $5B (that’s a B) from $17B to $12B by 2013) as the “price of a retail revolution,” JCP sits on the precipice of utter and complete failure.

Let’s take a look at how and why Ron Johnson will destroy this American institution:

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