The honeymoon is over for new JC Penney (NYSE: JCP) CEO Ron Johnson after the stock dropped nearly 20% today on astoundingly bad earnings.

Earnings for high-end department store Macy’s (NYSE: M) shot up 38% in the first quarter, but an unimpressive full-year outlook sent the stock spiraling downward.

How does a department store that lost $3.1 billion last year become the hottest stock on the market? Two words: Eddie Lampert.