JC Penney Reinvents Department-Store Retailing

Over the course of a two-hour presentation on Manhattan's West Side today, JC Penney CEO Ron Johnson and President Michael Francis outlined a series of major changes across all aspects of the department store's pricing, promotion, presentation and products. Changes will be unveiled to consumers on Feb. 1.

That's a lot of "talk" without actual "walk" for an ex-Apple executive. So as soon as you leave Apple, you forget the Apple way of doing things.