J.C. Penney to close 13 to 14 percent of stores

JCPenney plans to close 140 stores retailers continue to manage their. The locations Penney's will shutter represent 13 to 14 percent of its.

J.C. Penney Is Closing Down 138 Stores in 2017-Forever. the closing stores represent about 13 to 14 percent of the company's portfolio,

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Baxter's J.C. Penney Co. is among stores the company is closing, The total store closures represent approximately 13-14 percent of the J.C..

NEW YORK (AP) – J.C. Penney said today it will be closing anywhere from 130 to 140 stores as well as two distribution centers over the next several months as it aims to improve profitability in.

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The news came as Penney posted a profit in the fourth-quarter compared to a loss a year ago. The company posted quarterly sales of $3.96 billion, down 0.9 percent from $3.99 billion a year ago.

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The news came as Penney posted a profit in the fourth-quarter compared to a loss a year ago. The company posted quarterly sales of $3.96 billion, down 0.9 percent from $3.99 billion a year ago.

J.C. Penney Company will close 130 to 140 stores and two distribution centers during the next several months as it aims to improve profitability in the era of online shopping. The closures, announced.

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will also close in early June. The company said it will. net increase in hiring as employees take advantage of the program. The store closings represent 13 to 14 percent of J.C. Penney’s portfolio.

J.C. Penney said Friday that it will be closing anywhere from 130 to 140 stores as well as two distribution centers over the next several months as it aims to improve profitability in the era of on.

J.C. Penney Company will close 130 to 140 stores and two distribution centers during the next several months as it aims to improve profitability in the era of online shopping. The closures, announced Friday, represent about 13 percent to 14 percent of the Plano-based company’s current store count, and less than 5 percent of total annual sales.

The closures represent about 13 percent to 14 percent of the department store operator’s current store count, and less than 5 percent of total annual sales. J.C. Penney to close up to 140.

J.C. Penney’s plan to shutter 138 stores nationwide does not include any Sacramento area locations, the company announced. Search Close. Search. Please Sign In and use this article’s on page.