Thursday, February 28, 2019

J.C. Penney to close 18 full-line stores, nine specialty stores

Chain Store Age
J.C. Penney is trimming its real estate footprint as it looks to allocate its resources to stores and initiatives that offer the greatest long-term value potential.

The retailer on Thursday reported earnings and sales for the fourth quarter that beat the Street. It also said it will close 18 department stores (including the three locations previously announced in January) and nine home and furniture stores in 2019. . . . more