By  on May 21, 2012

PLANO, Tex. — J.C. Penney Co. Inc. is going to be “in the wilderness” for about a year as it reinvents its identity in a bid to capture market share, chief executive officer Ron Johnson told shareholders at the company’s annual meeting here Friday.

This story first appeared in the May 21, 2012 issue of WWD. Subscribe Today.

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