Monday, March 20, 2017

Penney details stores marked for closing

The ax has fallen: J.C. Penney has released the list of 138 stores it plans to close. 
On Feb. 24, the retailer announced it would close 138 stores, along with one supply chain facility in Lakeland, Fla., as it looks to cut costs and focus on growing sales at its best-performing locations. Texas, with nine stores slated to close, and Minnesota, with eight, were the states hit with the hardest. While most of the stores closing are in smaller market, the list includes several higher-profile locations, including the Penney at Palisades Center in West Nyack, New York, and the one at King of Prussia mall, in King of Prussia, Pa.. . . more

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