JCPenney Apologizes on Behalf of Ron Johnson

Ron Johnson, the former Apple retail chief, was a mastermind at selling iPhones and iPods. But he wasn’t so great at selling clothes and accessories, costing American retail chain JCPenney billions in lost revenues during his brief tenure as CEO of the corporation. Johnson has since been given the boot, replaced by his predecessor Mike Ullman, and JCPenney has outed the above TV ad to apologize to its customers for the radical changes. Ironically enough, Johnson’s old position at Apple is currently vacant.

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