Macys recently announced plans to cut 100 of its 675 full-line stores. Sears said it plans to close 150 stores, including 108 Kmart locations, leaving it with more than 1,300. It became
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apparent to us that our footprint was too large, Penney CEO Marvin Ellison told investors Friday, and the closures willallow us to raise the overall brand standard of J.C. Penney and invest in remaining stores. A list of Penney stores to close will be released in mid-March. Liquidation sales are expected to take place by the second quarter. The...Read more
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All 28 EU member states support the Ceta free trade agreement, but Belgium's constitution stipulates that each of its regional governments must back the deal before the federal government can sign it. The French-speaking region of Wallonia has remained steadfast in its opposition to Ceta. "We can't stop at last mile," Mr Schulz said on Twitter , saying he would meet Ms Freeland at 0730 (0530 GMT) on Saturday and Mr Magnette an hour and half later. A spokesman for the Canadian trade minister was unable to confirm that the meeting would place. The wide-ranging deal was to be signed next week.