BusinessThe Street•11 hours ago22 Large Retailers Besides J.C. Penney Are Closing Waves of Stores
The Great Restructuring in retail continues. In the wake of a disappointing holiday season, J.C. Penney (JCP) said recently that it will close 138 stores stores by the end of the summer. The store closures represent 13% to 14% of the company's current store base and less than 5% of annual sales. They have a negligible impact on net income. J.C. Penney said same-store sales at the locations were "significantly below" the remaining store base and operate at a much higher expense rate due to poor productivity. The company expects $200 million in annual costs savings from the efforts. "We believe closing stores will also allow us to adjust our business to effectively compete against the growing
- BusinessCNBC•10 hours ago
Married couples have 81 ways to claim Social Security. Here's how to maximize your benefits
Marriage can make life easier, but not when it comes to Social Security. A single person only has to consider nine different scenarios when claiming retirement benefits. For married couples, the available options for filing strategies grow to 81.
- Finance24/7 Wall St.•yesterday
What Analysts Have to Say About Walgreens Ahead of the Merger Deadline
The Walgreens Boots Alliance Inc. (WBA) and Rite Aid Corp. (RAD) merger has been the subject of much controversy over whether the deal actually will go through. Analysts have taken the perspective that this deal might be too difficult to call correctly, and those covering it generally have created two scenarios about what could happen. 24/7 Wall St. has examined a recent report from Jefferies that has a fairly optimistic view on Walgreens, win, lose, or draw on the deal.
