Ron Johnson's Legacy? Most Say They Never Shop at JCPenney (JCP)
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Does it matter that Ron Johnson is no longer leading JCPenney (NYSE: JCP)?
The question was posed on the Yahoo! Finance homepage: "J.C. Penney dumped CEO Ron Johnson after 17 months on the job. How often do you shop at Penney?"
Unsurprisingly, about 50 percent of respondents, or 20,576 votes, said "Never." Just 2 percent, or 654 votes, said "Once a Week." In total, 86 percent of votes tallied said they either never shopped at JCPenney or did so "Once a Year."
A better measure of this survey would be to have done the same thing back in November/December 2011, when Ron Johnson was just coming on as CEO of the retailer.
Shares of JCPenney are down over 11 percent Tuesday.
The question was posed on the Yahoo! Finance homepage: "J.C. Penney dumped CEO Ron Johnson after 17 months on the job. How often do you shop at Penney?"
Unsurprisingly, about 50 percent of respondents, or 20,576 votes, said "Never." Just 2 percent, or 654 votes, said "Once a Week." In total, 86 percent of votes tallied said they either never shopped at JCPenney or did so "Once a Year."
A better measure of this survey would be to have done the same thing back in November/December 2011, when Ron Johnson was just coming on as CEO of the retailer.
Shares of JCPenney are down over 11 percent Tuesday.
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