Please ensure Javascript is enabled for purposes of website accessibility

Is J.C. Penney's Loss Best Buy's Gain?

By Rick Munarriz - Apr 18, 2013 at 12:44PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Can Ron Johnson redeem himself at Best Buy? Some investors are hoping that it will happen.

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 1.26%) at a time when it still wasn't socially acceptable to go cheap-chic and his legendary arrival at Apple (AAPL 0.17%) 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 -1.31%). 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. 

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

Best Buy Co., Inc. Stock Quote
Best Buy Co., Inc.
BBY
$72.36 (-1.31%) $0.96
Apple Inc. Stock Quote
Apple Inc.
AAPL
$137.59 (0.17%) $0.24
J. C. Penney Company, Inc. Stock Quote
J. C. Penney Company, Inc.
JCPN.Q
Target Corporation Stock Quote
Target Corporation
TGT
$155.36 (1.26%) $1.93

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning service.

Stock Advisor Returns
330%
 
S&P 500 Returns
115%

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 05/21/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.