Posts Tagged ‘retail giant’

JC Penney store sales plunge nearly 20 percent

Linda Young – Fourth Estate Cooperative Writer New York, NY, United States (4E) – J.C. Penney’s stock shares tumbled in price Wednesday after the company announced sales had dropped by 18.9 percent and that it was eliminating its dividend to fund the company’s ongoing makeover. Suspending the dividend of 20 cents per share will give […]

ECONOMY-ZIMBABWE: Consumers May be Happy But Workers Aren’t

South African retail giant Pick-‘n-Pay increased its stake from 25 to 49 percent in TM Supermarkets – Zimbabwe’s largest grocer – in October in a deal worth about 13 million dollars. But, while the champagne corks pop in the boardroom, employees are not upbeat. View full post on Business Stories