Income inequality is killing the economy. Retailers, bankers and Democrats agree on that. Really. It's only Republicans who continue to insist that income inequality is great.
It's hard not to marvel at the multifaceted arc of Michael Graves' 50-year career -- and three events this fall will allow his followers to do exactly that.
It's that time of year again. The smell of new crayons and the musty, vanilla smell of old books fill the air, while parents are anxiously shopping for the newest, trendiest clothes to start the school year.
When I first heard JCPenney's new tagline "When it Fits, You Feel it," I was reminded of why I don't "fit" JCPenney. It is the same reason why I b...
From the Pope to billionaires, people are beginning to reject today's popular CEO compensation formula as unjust. There is no reason other than greed to explain how one human's contribution can be worth more than the contribution of 1,000.
American CEOs and boards of directors should take note. The income inequality they've fostered with outsized CEO pay packages and paltry wages for workers is creating an American royal class served by serfs.
Ackman's long-standing acrimony with JCP's board has not only distracted the company from concentrating on its business, but also damaged the market's confidence in JCP.
In apparel, forced labor is found long before the fabric is sewn at a garment manufacturing factory. It starts as early as the cotton harvest.
The rebrand brought in stylish goods at low prices. So, why did so many complain? And why did J.C. Penney actually raise prices after apologizing for the changes?
JC Penney has more than 100 years of retail success. It would be a shame if 17 months of regression wipes out the strides the company has made to be an inclusive, dynamic and trend-setting industry leader.
When retailers lose their mojo, it's hard to recover. Reinventing a retail model is a parlous prospect. Witness what happened at JC Penney (JCP) when Ron Johnson tried to "transform" the tired peddler of schmattes and socks.
How does a leader initially hailed as the second-coming of Steve Jobs, ready to reinvent a 111-year-old staid retailer, crash and burn in such dramatic fashion? If JC Penney's board members had studied Amazon more closely, they might have discovered the answer.
Johnson's' failure at JC Penney should remind people that just because you've been successful in one area, it does not always guarantee success somewhere else.
The sad truth is that JC Penney CEO Ron Johnson's controversial turn-around plan may have been doomed as much by his weakness as a communicator as it was by poor operational execution.
The JC Penney board is out of touch with the company and its customer base. They don't understand the basic nature of the problem the company confronts. Will the board use this most recent crisis to reevaluate its understanding of the situation, or give itself a pass, concluding that the last hire "just didn't work out"?