Penney's Ron Johnson Touts Changes Despite $163M Loss in Q1

Retailer's ceo signaled that its transformation is “way ahead of schedule” and is setting the store on a more fashionable path.

By David Moin and Evan Clark

financial/news

J.C. Penney Co. Inc. logged a $163 million first-quarter loss, but chief executive officer Ron Johnson signaled that the retailer’s transformation is “way ahead of schedule” and setting...

Penney's Ron Johnson Touts Changes Despite $163M Loss in Q1

Retailer's ceo signaled that its transformation is “way ahead of schedule” and is setting the store on a more fashionable path.

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