J C Penney to Close Up to 140 Stores in Coming Months
J C Penney plans to close between 130 and 140 stores over the next several months as it trims locations amid online shopping pressure. The full list will be released in mid March after evaluating employees taking voluntary retirement. 6,000 workers are offered early retirement. The Cedar Rapids Westdale and Coralville Coral Ridge Mall stores are among the affected sites. The company posted a 0.7 percent decline in same store sales but reported a net profit in 2016 for the first time since 2010.
MENTIONED IN THIS ARTICLE
J.C. Penney
Westdale
Cedar Rapids
Coral Ridge Mall
Coralville
Macy’s
Sears
Kmart
Farm labor shortages could force farms to shut down
U.S. farms rely on immigrant labor with wages rising sharply as supply shrinks. Trump's plan to expand deportations may worsen shortages, risking farm closures if legal guest workers are not increased. Norwich Meadows Farm owner warns operations could halt without more workers.
MENTIONED IN THIS ARTICLE
Trump
Zaid Kurdieh
Norwich Meadows Farm
New York State
Kurdieh
U.S
Barack Obama
Mexico
Pew Hispanic Center
HHGregg weighs bankruptcy as sales slump deepens
Indianapolis based HHGregg, a 61 year old appliance and electronics retailer, prepares for possible bankruptcy after two consecutive loss making fiscal years. The chain with 220 stores hired advisers to seek liquidity while pursuing options short of Chapter 11 amid weak holiday sales and rising online competition from players like J C Penney.
MENTIONED IN THIS ARTICLE
Hhgregg Inc
HH Gregg
Hhgregg
Stifel, Nicolaus and Co
Miller Buckfire and Co
J.C. Penney Co
SEC moves to modernize corporate disclosure rules
The SEC plans to simplify filings and add hyperlinks to exhibits to help investors access information. Acting chair Michael Piwowar said commissioners will vote on non controversial measures next week as part of a broad effort to improve disclosure.
MENTIONED IN THIS ARTICLE
Washington
U.S
Securities and Exchange Commission
Michael Pinowar
Pinowar
SEC
Practicing Law Institute
Kara Stein
Donald Trump
Jay Clayton
U.S. Senate
Trump
Clayton
Also Mentioned on This Page
J.C. Penney’s
Agribusiness
America
New York
New Jersey
Liz Martin
the Gazette
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