Ron Johnson

Ron Johnson, the former head of Apple's retail operations who left Cupertino for a brief, disastrous tenure as CEO of J.C. Penney, has resurfaced with a new idea: An on-demand delivery service for consumer electronics.

Ron Johnson, who JC Penney hired away from his role as Apple's retail chief, is out as the company's CEO. Myron E. (Mike) Ullman, III, its previous CEO, has returned to the company as its new CEO. 

JC Penney ousted its embattled CEO Ron Johnson and replaced him with someone investors are all too familiar with: former JCP CEO Myron Ullman. FORTUNE --  JC Penney's year of living dangerously is over. Once known for its middle-America, mainstream...

Ron Johnson, the former head of retail at Apple and now the chief executive of J. C. Penney, testified this week that he'd never ask anyone to breach a contract. He said he believed in "perfect integrity" as "a matter of principle," and he readily agreed with the premise that "it's important to honor contracts even if the terms are unlikable at the time."

Yet that didn't stop him from signing a deal with Martha Stewart - his "new best friend," according to an e-mail - even though she already had an exclusive

JCPenney Chief Executive and former Apple Retail Chief Ron Johnson says physical retail's best days are still ahead of it and that online shopping won't keep growing forever.

In an interview at Fortune's Brainstorm Tech conference in Aspen, Colo., the executive said online retail will "level out," giving physical retail stores an opportunity to offer things to shoppers that can't be had through a digital screen.

In remaking JCPenney in the Apple retail store image, Johnson said he's treating the more than 1,100 stores like a startup and that he expects losses

J.C. Penney Co. is not renewing its contract with Chris Madden, whose housewares business designs bedding, window treatments and a host of other products for the Plano-based retailer.

The housewares designer told the that her eight-year contract with the retailer ends soon and she is exploring all of her options, including moving her brand to other retailers and selling her business. 

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