TODAY   |  April 09, 2013

JC Penney CEO resigns after poor sales

Ron Johnson has resigned as CEO of the clothing retailer JC Penney after sales plummeted 25 percent last year. Stock in the company jumped 10 percent after the news.

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This content comes from Closed Captioning that was broadcast along with this program.

>> good morning. apple chief ceo ron johnson resigning. johnson's predecessor will take the reins as spring shopping season gets under