Archive for February, 2017

J.C. Penney Announces Closure Of Over 100 Stores

J.C. Penney Co. (NYSE:JCP) has announced that it would be closing as many as 140 of its roughly 1,000 stores by June. The stores it is closing represent about 13 percent to 14 percent of its current store count, but less than 5 percent of total annual sales. The company is also planning to close […]

TripAdvisor Misses Earnings And Revenue Estimates

Travel review website TripAdvisor (NASDAQ: TRIP) reported lower-than-expected quarterly revenue for the fourth quarter of its fiscal year. TripAdvisor reported total revenue of $316 million for the fourth quarter, missing the average estimate of $326.5 million, according to analysts polled by Thomson Reuters. Net income fell to $1 million, or 1 cent per share, in […]

Walt Disney Co. To Take Control Of Euro Disney

The Walt Disney Co. (NYSE:DIS) announced a plan to turn around the struggling Euro Disney on Friday. The company plans to buy out all other shareholders to take full control of Euro Disney, which includes the Disneyland Paris theme park, the Walt Disney Studios Park, Disney Village and hotels. In a statement, the company said, […]