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Former Apple Retail Chief Ron Johnson is out at JCPenney after his radical retail redesign failed to ignite sales in the same manner in which Apple Stores had grown accustomed. Ron Johnson left Apple in 2011 for the JCP job after a decade at Apple.  He helped design the original Apple Store concept after being lured away from Target by Apple CEO Steve Jobs. He pioneered concepts like the Genius Bar which was unheard of at the time but still a growing trend in the industry.

We know more than a few folks who would like to see him back at Apple which meanwhile has found him difficult to replace. One such attempt was the hiring and subsequent firing of John Browett, a former Dixon’s UK CEO.

Johnson continued to live in the Bay area during his stint at JCP commuting to Plano Texas via Jet so…

BREAKING: Ron Johnson out as J.C. Penney CEO – source • $JCP QUOTE: http://t.co/aP20vqeZqF

— CNBC (@CNBC) April 8, 2013

JC Penny CEO inventory apparently out of stock.

— M.G. Siegler (@mgsiegler) April 8, 2013

I'd rather see a guy fail like Ron Johnson did any day compared with all the corporate drones who just play it safe all day long.

— Adam Lashinsky (@adamlashinsky) April 8, 2013

J. C. Penney appoints Myron E. (Mike) Ullman, III as CEO succeeding Ron Johnson #breaking

— Reuters Business (@ReutersBiz) April 8, 2013

We’ve reached out to JCP and Apple for comment and will update as appropriate. Press release follows:

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Walmart is continuing to slash price tags on Apple products this holiday season, as the global retailer just announced it is now offering the 16GB iPhone 5 for $127.

Walmart also cut the iPhone 4S from $89.97 to $47 starting today, with both smartphones sales subject to the usual two-year contract, and it further lowered the (update below) 16 GB third-generation iPad with Wi-Fi to $399. Walmart said its iPad deal would feature a bonus $30 iTunes card beginning Dec. 17, but all special rollback prices are in-store only.

Target plans to offer an Apple product sale, as well. It will discount Virgin Mobile’s Prepaid 16GB iPhone 4S from $449.99 to $399.99 starting Dec. 16, but the deal is only available at Target Mobile locations.

Update 1: Walmart’s story continues to evolve. We’ll continue to update.

Update 2: Walmart’s PR agency made multiple corrections to its original announcement today. While the first press release said the third-generation iPad would go on sale for $399 on Dec. 17, a later correction indicated the deal actually started today for the fourth-generation iPad. Now, this evening, Walmart’s PR agency has made another correction: today’s $399 sale is for the third-generation iPad. The rollback prices for the iPhone 5 and iPhone 4S remain correct.

9to5Mac contacted Walmart directly today on multiple occasions to verify the sale prices advertised in the press release, but only its PR agency would comment on specifics and make subsequent corrections.
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According to an in-store iPhone advertisement in at least one Target location in Orlando, the store is offering $25 off the 8GB iPhone 4 and both the 16GB and 32GB iPhone 4S models until the end of the month. A tipster sent the image above showing the deal is offered for upgrades or on a new two-year contract available through AT&T, Verizon, and Sprint depending on your location.

(Thanks L. Nielsen!)

We are also noticing some of the best prices ever on iPad 2s. When Apple dropped the price of the iPad 2 by $100 (now starting at $399) after the introduction of the new iPad, retailers immediately started slashing prices even further on the last-generation device. We already saw the 16GB entry-level iPad 2 go for as low as $360, and today 9to5Toys pointed us to a 32GB model in white or black for $449 from Go4Computers through eBay Daily Deal. That deal includes free shipping and no tax (outside Florida), and the same goes for the 8GB iPod touch, which is usually $199 but now goes for $169.

If you live close enough to swing by a local Micro Center, it is currently offering the 16GB Wi-Fi only iPad 2 for $359.99.

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The Internet is abuzz with stats about iPad trade-ins going through the roof as the March 7 iPad 3 unveiling in San Francisco looms closer, and while percentages and graphs are vaguely interesting, the real meat to the story concerns where and how people can get the most bang for their buck.

Look no further as 9to5Mac compiled a list of places to trade in an ole’ dusty iPad for cash or credit to buy Apple’s upcoming toy. Before perusing the options, identify the condition, features, and model of the swappable iPad. This knowledge will help decide its maximum value, because most of these online programs use a survey to determine the slate’s estimate. Moreover, it is prudent to act now as some reports indicate retailers are steadily dropping prices with Apple’s event drawing nearer.

Trade-in websites and their prices are available below. 

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