Ron Johnson’s abortive strategy to replace coupons with everyday low prices, and remodeling stores to be more ‘cool,’ probably inspired by Apple Inc. (NASDAQ:AAPL)’s stores, only succeeded in driving away business, particularly from ‘core’ J.C. Penney Company, Inc. (NYSE:JCP) customers.
J.C. Penney vs Apple Stores
A recent article in Forbes highlighted a crucial difference between Apple Inc. (NASDAQ:AAPL) and J.C. Penney Company, Inc. (NYSE:JCP) stores. Apple Inc. (NASDAQ:AAPL)’s stores have a major advantage: the hype surrounding the company’s unique and innovative products have customers beating a path to...


