Walgreen Will Close 76 Stores in the Second Half of 2014 and J. C. Penney’s CEO is Expected to Get a Pay Increase

Walgreen Co. (NYSE: WAG) announced on Tuesday that the company plans to close 76 stores in the second half of the year, though they still expect the net store count to rise. Walgreen reported that second-quarter earnings slightly fell from a year earlier also. Net earnings of $754 million, or 78 cents a share was versus $756 million or 79 cents a share in the same period a year earlier. Net sales however rose 5.1% to $19.6B while same store sales were up 4.3%. The company opened or acquired 28 new stores in the second quarter versus 29 in the same period a year earlier. Walgreen Co.,