Former Apple retail boss Ron Johnson is leaving department store chain JCPenney, fired after his plan to remake the venerable business in an effort to update to 21st century buying habits failed to win over customers. Johnson, who put the brakes on endless sales in favor of everyday low prices and remodelled stores to have "store within a store" concepts for major brands, will be succeeded by his predecessor, Mike Ullman. Johnson left Apple in late 2011 to revitalize the chain, but the 111-year-old company has posted losses for the last six quarters.
