Browse Tag: closure

JCPenney Announces Closure Of 33 Stores

English: JCPenney store at the Holiday Village...

Citing 33 stores as “underperforming”, retailer JCPenney announced the closure of nearly three dozen stores and the elimination of 2,000 jobs late on Wednesday. The wave of closures hits 21 states with Wisconsin the hardest hit, and is intended to produce $65 million in savings for the beleaguered retailer.

Continue Reading