Wednesday, January 9, 2019

J.C. Penney to close three stores as part of ongoing review

Chain Store Age
J.C. Penney on Tuesday gave a preliminary update on its holiday results and suggested some store closings are ahead.

The retailer said that its same-store sales for the combined nine-week period ending Jan. 5, 2019, decreased 3.5% on an adjusted basis.

Additionally, Penney said it will initiate three preliminary store closings this spring as part of an ongoing evaluation of its store portfolio that will occur during the next few months. . . . more