“It’s official: Apple is out of fashion at JCPenney,” James Covert reports for The New York Post.
“Three top proteges of former Penney CEO Ron Johnson — all of whom boasted stints at Apple on their resumes — exited the retailer today, The Post has learned,” Covert reports. “Chief Operating Officer Mike Kramer, Chief Talent Officer Daniel Walker and Chief Creative Officer Mike Fisher kicked off an exodus of high-profile Johnson hires that is expected to continue in the wake of his ouster, sources said.”
Covert reports, “Kramer — who said publicly earlier this year that he “hated the culture” at Penney — resigned as interim CEO Mike Ullman this week began to sharpen his ax, according to a source close to the retailer.”
Read more in the full article here.
MacDailyNews Take: J.C. Penney. The Montgomery Ward of the Twenty-Teens.
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