Nick Wooster Leaves JCPenney

After less than a year at the creative directorial helm of the retailer, Nick Wooster has left JCPenney. The influential street style icon took over at JCP last April following successful stints as the men’s fashion director for both Bergdorf Goodman and Neiman Marcus and his departure follows the recent firing of CEO Ron Johnson – who was replaced by his predecessor, Mike Ullman, after just a year-and-a-half on the job. Since Johnson took over and announced his re-branding plan for the department store (which saw an end to major discounts and a focus on individual in-store boutiques), JCPenney’s stock has fallen dramatically – losing the majority of its value while the chain took close to $1 billion USD in losses and a 25% drop in revenue.

SourceGQ
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