Ron Johnson has become the Mark Sanchez of retail. The disgraced ex-CEO of J.C. Penney (JCPN.Q) 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 (TGT -0.67%) at a time when it still wasn't socially acceptable to go cheap-chic and his legendary arrival at Apple (AAPL -2.19%) 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 (BBY -2.19%). 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.
