It was a case of too many cooks in the same kitchen — two to be precise.
On Monday, J.C. Penney Co. Inc. disclosed that its president, Michael Francis, had abruptly left the company, and did so with little explanation. But on Tuesday, as Penney’s stock price continued to tumble on the news and with speculation swirling, Ron Johnson, J.C. Penney’s chairman and chief executive officer, told WWD why Francis, considered a whiz kid at marketing and credited with establishing Target Corp.’s cheap-chic image, left the $16.5 billion Penney’s after just eight months on the job.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)