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Department store operator $KSS said that on Feb. 25, 2016, it announced plans to close 18 underperforming stores in FY16. The company expects to incur $150-170MM in charges due to these planned closures and organizational realignment at corporate offices. Approx. $55-65MM of the charges will be recorded in 1Q16 with the remainder in 2Q16.
Does anyone feel $SBUX CEO Schultz stepping down could prove a disaster for the company?
$DB is going to cut off services for about 3,400 clients in equities trading.
$F stock slid more than 2% after the company issued two safety recalls involving more than 650,000 Ford Fusion and Lincoln MKZ model cars.
The new CEO of $SBUX, Kevin Johnson, has some pretty large shoes to fill but there are many who have good faith in his ability to do so.