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Ex-Apple execs exit JCPenney
NY Post ^ | 4/10/13 | JAMES COVERT

Posted on 04/10/2013 4:52:44 PM PDT by jimbo123

It’s official: Apple is out of fashion at JCPenney.

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.

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.

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.

(Excerpt) Read more at nypost.com ...


TOPICS: News/Current Events
KEYWORDS: danielwalker; homosexualagenda; jcpenney; mikefisher; mikekramer; mikeullman; ronjohnson
What about Ellen Degenerate?
1 posted on 04/10/2013 4:52:44 PM PDT by jimbo123
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To: jimbo123

It was always pretty clear that the key guy at Apple was Jobs and everyone else basically shined his shoes. The JCP board should be fired.


2 posted on 04/10/2013 4:55:45 PM PDT by Zhang Fei (Let us pray that peace be now restored to the world and that God will preserve it always.)
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To: Zhang Fei

—— It was always pretty clear that the key guy at Apple was Jobs and everyone else basically shined his shoes. ——

The stock price seems to indicate that.

Google looks like Apple’s successor.


3 posted on 04/10/2013 4:59:32 PM PDT by St_Thomas_Aquinas
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To: jimbo123

Losing their “Chief Creative Officer” likely means that they won’t be quite as “creative” when it comes to marketing to alternative life styles.

But it’s likely too late - unless they make a CLEAN BREAK with their immediate past, which is very unlikely.


4 posted on 04/10/2013 4:59:41 PM PDT by BobL (Look up "CSCOPE" if you want to see something really scary)
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To: Zhang Fei
It was always pretty clear that the key guy at Apple was Jobs and everyone else basically shined his shoes. The JCP board should be fired.

Exactly. A chimp with learning disabilities could have been successful at Apple over the past 10 years.

The only other key person at Apple was their industrial designer.

5 posted on 04/10/2013 4:59:43 PM PDT by Moonman62 (The US has become a government with a country, rather than a country with a government.)
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To: Moonman62

The key industrial design and logistics. The game of cheap labor at Foxconn is over along with the 5-1 margin in phones.


6 posted on 04/10/2013 5:07:57 PM PDT by ImJustAnotherOkie (zerogottago)
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To: Moonman62
The only other key person at Apple was their industrial designer.

Jobs went through a bunch of these guys. Ultimately, Jobs had the final say. He designed nothing himself and really did not have any design chops, but he had a good feel for what would sell and what wouldn't. He kept prodding these designers into showing him new iterations, pushing them until he was satisfied, toward a final design he himself only fully envisioned at the end of the process. But his particular genius is that he not only finalized these great designs quickly, he got these projects completed before everyone else. He wasn't simply a guy with great aesthetic sense - he was a first-rate project manager. Jobs was sui generis - one of a kind.

7 posted on 04/10/2013 5:09:42 PM PDT by Zhang Fei (Let us pray that peace be now restored to the world and that God will preserve it always.)
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To: jimbo123

Per the WSJ, Johnson never relocated from California and rarely worked more than 3 days a week.


8 posted on 04/10/2013 5:10:11 PM PDT by nascarnation (Baraq's economic policy: trickle up poverty)
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To: jimbo123

Look out, these clowns will go and start a retail chain to compete with Penney’s, Target, Wal-mart, except in theirs there’ll be no sales, no discounts!


9 posted on 04/10/2013 5:12:39 PM PDT by Revolting cat! (Bad things are wrong! Ice cream is delicious!)
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To: nascarnation

From NY Times:

Mr. Johnson dismissed most of the top executives from Mr. Ullman’s reign and brought in his own team, largely from Apple and Abercrombie & Fitch.

But few of the top executives he had hired relocated to Texas, instead working there a few days a week, staying “quarantined,” as a veteran put it. Penney hands used the acronym AAPLE to refer to the newcomers — Apple & Abercrombie Paid to Lose Earnings.

http://www.nytimes.com/2013/04/10/business/how-an-apple-star-lost-his-luster-at-penneys.html


10 posted on 04/10/2013 5:12:42 PM PDT by jimbo123
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To: jimbo123

Too late. I’ll never shop there again and I know I am not alone in that regard.


11 posted on 04/10/2013 5:12:53 PM PDT by South40 (I Love The "New & Improved" Free Republic!)
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To: jimbo123

I wonder why Bill Ackman was in love with this guy?


12 posted on 04/10/2013 5:15:01 PM PDT by nascarnation (Baraq's economic policy: trickle up poverty)
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To: nascarnation
Having been a small time CEO of a few wee companies, I can tell you that getting a grip on the future for a retail company is a roll of the dice.

If Johnson had been called in as a turnaround expert, that is another kettle of fish. He was called in to make a transition to the future of retailing in a time when online sales are shifting the landscape.

Who the h$ll knows where it is going to end up.

I for one like the Amazon model. No bricks and mortar...just wire and warehouses. But it is hard to move Penny's into that model without killing its brand.

13 posted on 04/10/2013 5:21:52 PM PDT by RoosterRedux (Get armed, practice in the use of your weapons, get physically fit, stay alert!)
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To: jimbo123

So how many millions did he get to go away? Need one of those jobs myself one day.


14 posted on 04/10/2013 5:23:57 PM PDT by nomorelurker
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To: jimbo123

Maybe JCP will be going extinct. Now how did that business plan work for JCP?


15 posted on 04/10/2013 5:24:57 PM PDT by Fred Hayek (The Democratic Party is now the operational arm of the CPUSA)
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To: RoosterRedux

Massive hubris rarely works well in corporate settings.

I suspect ole RJ actually believed people were purchasing Jobs’ hardware because of RJ’s brilliant retail strategy.


16 posted on 04/10/2013 5:25:35 PM PDT by nascarnation (Baraq's economic policy: trickle up poverty)
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To: nomorelurker

No parachute for Johnson. And his signing bonus stock grants are underwater.


17 posted on 04/10/2013 5:26:02 PM PDT by jimbo123
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To: Fred Hayek

The American retail middle is dying off in my view.

You’ll have Nordstrom/Saks/Nieman Marcus and Dollar General/WalMart/Family Dollar.


18 posted on 04/10/2013 5:29:12 PM PDT by nascarnation (Baraq's economic policy: trickle up poverty)
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To: jimbo123

Foostam city for the Johnsons!


19 posted on 04/10/2013 5:31:12 PM PDT by Revolting cat! (Bad things are wrong! Ice cream is delicious!)
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To: nascarnation
That's the kind of thing a well attuned board could have sorted out in normal times.

That said, the retail business is in a hard place (and times ain't normal).

I can understand their error. Johnson sold them an idea...and they bought it. They are all wiser now. Let's see if they can read the tea leaves and make a good decision this time.

20 posted on 04/10/2013 5:31:29 PM PDT by RoosterRedux (Get armed, practice in the use of your weapons, get physically fit, stay alert!)
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To: Revolting cat!

Johnson still has $107 million dollars in Apple stock.


21 posted on 04/10/2013 5:33:29 PM PDT by jimbo123
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To: nascarnation
I agree with you about hubris...but try to find a CEO without it.

As Bond said to M, "you want me to be half hit man and half monk."

I think that is what's called for, actually.

22 posted on 04/10/2013 5:33:50 PM PDT by RoosterRedux (Get armed, practice in the use of your weapons, get physically fit, stay alert!)
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To: jimbo123

Will Apple take him back? It’ll be interesting to see where he goes. He’s the guy behind the smashing success of Apple Stores. Only a fool could believe that his formula would translate well into a chain selling socks and underwear.


23 posted on 04/10/2013 5:35:52 PM PDT by Revolting cat! (Bad things are wrong! Ice cream is delicious!)
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To: nascarnation
I wonder why Bill Ackman was in love with this guy?

Maybe Ackman's a flash-in-the-pan just like this guy.

24 posted on 04/10/2013 5:35:55 PM PDT by Zhang Fei (Let us pray that peace be now restored to the world and that God will preserve it always.)
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To: Revolting cat!
Apple stores are a success because of these people, not Ron Johnson:


25 posted on 04/10/2013 5:37:25 PM PDT by jimbo123
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To: RoosterRedux

Seems that Penney could leverage the brand ala L.L. Bean with clicks-n-bricks, if they developed a unique value proposition.


26 posted on 04/10/2013 5:38:08 PM PDT by bigbob
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To: RoosterRedux
I for one like the Amazon model. No bricks and mortar...just wire and warehouses. But it is hard to move Penny's into that model without killing its brand.

Funny, in a way, JCP was actually a predecessor to the Amazon model, as much of their sales in the past was from catalog purchases. I'd venture that prior to the '80's many people only set foot in a Penny's store to pick up or return a catalog order.

27 posted on 04/10/2013 5:39:38 PM PDT by Mygirlsmom (Shall not be infringed. Period.)
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To: Mygirlsmom

JCP also used to have decent quality men’s business suits and shirts at a good price. Now the quality is terrible.


28 posted on 04/10/2013 5:42:03 PM PDT by jimbo123
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To: jimbo123

So you hate Apple. How interesting. How original. Don’t tell us more. YAWN!


29 posted on 04/10/2013 5:42:40 PM PDT by Revolting cat! (Bad things are wrong! Ice cream is delicious!)
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To: Revolting cat!

30 posted on 04/10/2013 5:43:37 PM PDT by jimbo123
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To: RoosterRedux

“I for one like the Amazon model. No bricks and mortar...just wire and warehouses. “

Unfortunately the financial returns on the Amazon model are extremely low. Fourth quarter 2012 (quarter ending Jan 29, 2013) Amazon’s net income was $97 million on sales of $21.3 billion, a return of less than 1/2% of sales. For first quarter 2013 Amazon projects sales of $16.6 billion and earnings of $65 million, again less than 1/2 percent of sales.

For the roughly comparable quarter (Apple’s first quarter 2013 ends December 29), Apple earned $13.1 billion on sales of $54.5 billion. A 24% return on sales.

As a shareholder I prefer the Apple economic model.


31 posted on 04/10/2013 5:46:24 PM PDT by Soul of the South (Yesterday is gone. Today will be what we make of it.)
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To: nascarnation

Has anyone else noticed that either Family Dollar or Dollar General have been opening a lot of new stores lately?

I stopped by one, I can’t remember which is which, and could not see any real reason for it’s existence except when they are in places too small for Wal-Mart but all the ones I have seen open recently were in towns which already have a Wal-Mart.

I do remember my Mother used to shop at them and she was a very shrewd shopper.


32 posted on 04/10/2013 5:47:22 PM PDT by yarddog (Truth, Justice, and what was once the American Way.)
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To: Soul of the South
Apple is dependent on its next product. Amazon is dependent only on the market place.

BTW, return on sales is irrelevant to Amazon. Look at (consistent and future) return on investment.

33 posted on 04/10/2013 5:52:13 PM PDT by RoosterRedux (Get armed, practice in the use of your weapons, get physically fit, stay alert!)
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To: yarddog
I shop at the Dollar Store at least once a week. Their model is exactly as you suggest.

Walmart in miniature.

34 posted on 04/10/2013 5:53:51 PM PDT by RoosterRedux (Get armed, practice in the use of your weapons, get physically fit, stay alert!)
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To: RoosterRedux

I stopped at one of them a couple of weeks ago in a city adjacent to where I live. Same store name - Dollar Tree, I think - but different stuff. This one did not have any frozen food but did find a few things made in USA like toothpaste, hand lotion, and some awesome ginger snap cookies made right here in Texas. Also the only place I can find Household Ammonia which I use for cleaning as our local stores no longer carry it. Canned veggies are only $.79 a can and generally Del Monte but just horrible.


35 posted on 04/10/2013 6:07:46 PM PDT by Grams A (The Sun will rise in the East in the morning and God is still on his throne.)
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To: nascarnation

Take that to the bank, sir.

When there is no upper-middle class, there can be no Macy’s types that serve that market.


36 posted on 04/10/2013 6:10:56 PM PDT by Individual Rights in NJ (I don't even know what to say anymore...)
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To: yarddog

From what I’ve seen they are pretty competitive on price.

Like you say they are in a lot of places - with $4 gas folks can put a value the location.

You can park at the door, and not have to walk a long way inside either. That’s a plus for the elderly, handicapped, obese, etc.


37 posted on 04/10/2013 6:33:09 PM PDT by nascarnation (Baraq's economic policy: trickle up poverty)
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To: jimbo123
Awwww.
I guess catering to and promoting the Pervert lifestyle didn't work out?

I still refuse to shop at J.C. Doesn't matter if the management changes. I used to shop there, too, once upon a time.

I don't think the Calif legislature can cancel my citizenship

38 posted on 04/10/2013 8:18:41 PM PDT by publius911 (Look for the Union label, then buy something else.)
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To: nascarnation
The American retail middle is dying off in my view.

Just today I was leaving our most recently built shopping center, in a new, attractive and stable location.
I noticed several signs advertising "space and pads" available [for additional retail sales.]

I predict those will NEVER be leased so long as Obama's "new normal" business model exists. When entrepeneurs understand that in addition to rent, inventory and advertising, the next business largest expense is supporting Obama's Brave New World, and its army of indolent parasites with their hands out...

...before he can even think about a profit.
Not to mention egregious, capricious tens of thousands of constantly changing, unproductive and expensive regulations that must be paid even if the sales are zero!

Any new businesses here or anywhere else country-wide hasn't a prayer of starting under those conditions. Zero.

39 posted on 04/10/2013 8:47:21 PM PDT by publius911 (Look for the Union label, then buy something else.)
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