→ JCPenney fires former Apple retail head Ron Johnson from CEO position

It is sad and disheartening that people rejected JCPenney’s “fair price” strategy,1 while they continue to get excited about saving “50% every day!” at places like Kohl’s.

  1. Instead of marking everything up and having constant sales that give the illusion of “savings”, JCPenney tried to set reasonable prices on items and just leave them there.