Is J.C. Penney's Loss Best Buy's Gain?
Ron Johnson has become the Mark Sanchez of retail. The disgraced ex-CEO of J.C. Penney was hailed as a strong-armed savior two years ago, but his reign proved disastrous.
Sanchez's time with the New York Jets may be coming to a close. Clips of last season's iconic play where the rear end of his own lineman caused a Sanchez fumble will haunt him until he gets another chance at redemption. A change of scenery may be necessary. Doesn't Johnson deserve another shot at redemption too? His success at Target at a time when it still wasn't socially acceptable to go cheap-chic and his legendary arrival at Apple just as the consumer tech company was breaking into retail weren't flukes.
Some have been speculating that Johnson will wind up at Best Buy . He obviously wouldn't be running the company. CEO Hubert Joly has fared well since being brought in last year. However, Johnson's appeal as an executive to usher in new store designs that make the most of Best Buy's cavernous selling space sounds like a perfect solution.
In this video, Rick explores why Johnson's shift to Best Buy would make perfect sense.
The brick-and-mortar versus e-commerce battle wages on, with Best Buy caught in the middle. After what might have been its most tumultuous year in history, there are now even more unanswered questions about the future for the big-box electronics retailer. To help answer them, The Motley Fool has released a premium research report detailing the opportunities -- and the risks -- in store for Best Buy. Simply click here now to claim your comprehensive report today.
The article Is J.C. Penney's Loss Best Buy's Gain? originally appeared on Fool.com.Longtime Fool contributor Rick Munarriz has no position in any stocks mentioned. The Motley Fool recommends Apple. The Motley Fool owns shares of Apple. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.