J.C. Penney Slows Rate of Descent
August 20, 2013
Last year at this time, J.C. Penney announced a same-store sales decline of 22 percent. This go around, now under interim CEO Myron “Mike” Ullman, sales were down 12 percent as the department store chain attempts to apply the brakes on its downhill slide.
Recent News
Krispy Kreme Debuts New Rewards Program
Krispy Kreme is introducing a new program that piggybacks on its existing Krispy Kreme Rewards.
WeWork’s Bankruptcy Exit Plan Revealed
WeWork is charting a new course to exit bankruptcy, but without its former CEO Adam Neumann in the driver’s seat.
Walmart Is Closing All 51 Health Centers
Walmart has announced the closure of its 51 Walmart Health centers across five states, alongside ending virtual health services, in a surprising move revealed on Tuesday.
US Vehicles Required To Carry Better Automatic Braking in 5 Years
Automatic emergency braking will have to be standard on all U.S. vehicles by 2029.