Sentences with phrase «turnaround strategy backfired»
J.C. Penney's board of directors has ousted CEO Ron Johnson after only 17 months on the job as a risky turnaround strategy backfired and led to massive losses and steep sales drops.
http://www.sandiegouniontribune.com/
J.C. Penney is hoping its former CEO can revive the retailer after a risky turnaround strategy backfired and led to massive losses and steep sales declines.