Thank you for visiting Ohio.com. We noticed you are using an outdated browser that may not give you the best user experience. We recommend current browser versions of Google’s Chrome, Microsoft’s Edge, Mozilla’s Firefox. For more specific information on how to update your browser --Click Here or visit your browser’s website.
In this Oct. 23, 2009 photo, Mike Ullman, Chairman and CEO of J.C. Penney Company, Inc., visits a company store in New York. Mike Ullman was named CEO of JC Penney's after Ron Johnson was ousted on Monday, after restructuring backfired. (AP Photo/Mark Lennihan)
Customers arrive at a J.C. Penney store, Tuesday, in New York. 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. The company's board of directors ousted CEO Ron Johnson after only 17 months on the job. The department store chain said that it has rehired Johnson's predecessor, Mike Ullman. (AP Photo/Mark Lennihan)