Penney shareholders concerned about chain’s future
May 22, 2017
J.C. Penney shareholders expressed concern about the retailer’s prospects at its annual meeting held last week. Penny’s stock is currently trading below $5 a share following a first quarter where same-store sales declined 3.5 percent. Some investors have suggested that Penney seek to monetize its real estate holdings while others think it should pursue a sale.
Recent News
Peloton CEO Steps Down and Layoffs Begin
Peloton, the popular fitness technology company, has announced significant changes in its leadership and organizational structure.
California Restaurants Must Start Eliminating Special Surcharges
Starting July 1, California is changing the game for restaurant bills.
T-Mobile Now Owns Ryan Reynolds-Backed Mint Mobile
The deal is worth upwards of $1.35 billion.
Chipotle Is Giving Away Over $1 Million in Burritos to Healthcare Workers
In acknowledgment of the tireless contributions of healthcare workers, Chipotle Mexican Grill has announced a notable gesture of appreciation: the distribution of 100,000 free burrito e-cards.