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by The City Wire staff -

J.C. Penney to eliminate some brands

After two years of declining sales, the Plano, Texas-based department store chain is eliminating or trimming some high-profile brands introduced by former CEO Ron Johnson. CEO Mike Ullman told Reuters…

by The City Wire staff -

Tesco’s Fresh & Easy sold to Yucaipa

Ron Burkle’s Yucaipa Cos. is now the owner of 150 Fresh & Easy Neighborhood Market stores auctioned off in bankruptcy court. The California-based grocery was owned by British retailer Tesco,…