New CEO Not Taking Penney More Upscale

October 29, 2004

J.C. Penney’s new chief executive, Mike Ullman, says he has no plans to take the department store chain more upscale than it is currently positioned.

Recent News

Waffle House Workers Strike for Fair Pay and Better Working Conditions

Waffle House workers in Conyers, Georgia, are now on their third day of striking over what they call the company’s unfair policies. Led by the Union of Southern Service Workers (USSW), Waffle House employees are demanding an end to the mandatory “meal credit” deductions from their paychecks, along with better wages and improved working conditions.