Verizon Stock Surpasses Market on Retail Restructuring
On Thursday, Verizon Communications (VZ) stock rose over 2%, outperforming the S&P 500's modest gain of 0.4%. The increase was driven by an announcement that the company plans to sell 274 retail stores and cut around 500 corporate jobs as part of a broader restructuring effort.
Tickers: $VZ
Topics: franchising job cuts retail strategy