">Aimee Groth, Business Insider
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On January 25, 2012, JCPenney CEO Ron Johnson took a stage in front of a throng of anxious investors, analysts, and reporters.He announced his plan to turn things around at the struggling department store.
Johnson was JCPenney's white knight. He had joined the retailer in late 2011, leaving his high-profile job as the retail chief at Apple.?
The brilliant mind behind the magnificent success of the Apple Store was supposed to be the century-old chain's savior.?
It's not nearly over yet ? his plan called for a few years of transition. But now, it has been one year since Johnson gave that presentation.?
JCPenney's stock is down 53 percent since then.
Source: http://www.businessinsider.com/jcpenney-year-under-ron-johnson-2013-1
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