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JCP plans to close 33 stores by May
As part of its turnaround efforts, J. C. Penney will close 33 underperforming stores across the country. The move, which will result in the elimination of about 2,000 positions, is expected to result in an annual cost savings of approximately $65 million, beginning in 2014.
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PizzaRev adds four franchisee groups
Los Angeles — PizzaRev has signed agreements with four franchisee groups covering territory in five states. The deals will lead to the opening of new units in San Diego and Orange counties in California plus Utah, Nebraska, North Dakota and South Dakota. Here are brief profiles of each group: