Penney Intermediate Holding reported its JCPenney operations turned to a loss in the second quarter as traffic remained slow. Net loss was $33 million versus net income of $36 million in the year-previous quarter. Comparable sales slipped 7.7% in the quarter year over...
As it continues a proxy fight with activist investor Macellum Advisors, Kohl’s Corp. has issued a letter to shareholders on behalf of incoming chair Peter Boneparth in connection with the company’s May 11 annual meeting and its board of directors election. Bonaparth...
