Former Apple retail chief seeks to 'bear hug middle America'
JCPenney Chief Executive and former Apple Retail Chief Ron Johnson says physical retail's best days are still ahead of it and that online shopping won't keep growing forever.
In an interview at Fortune's Brainstorm Tech conference in Aspen, Colo., the executive said online retail will "level out," giving physical retail stores an opportunity to offer things to shoppers that can't be had through a digital screen.
In remaking JCPenney in the Apple retail store image, Johnson said he's treating the more than 1,100 stores like a startup and that he expects losses … Read more