mick silver
16th January 2014, 07:32 AM
right before the new year started i said in a post there would be a big store chain closing the doors this is just the start of this . there will be more .
Getty ImagesJ.C. Penney (http://online.wsj.com/public/quotes/main.html?type=djn&symbol=JCP) Co.JCP -5.14% (http://blogs.wsj.com/public/quotes/main.html?type=djn&symbol=JCP?mod=inlineTicker), the struggling retailer that said it was “pleased with its performance (http://blogs.wsj.com/moneybeat/2014/01/08/j-c-penney-is-pleased-with-holiday-performance-shareholders-displeased/)” during the holiday season, announced late Wednesday that it will close 33 stores as part of a strategic turnaround.
The company, which is expected to cut 2,000 positions, said the closings should result in an annual cost savings of about $65 million, beginning in 2014.
Here’s a list of the the 33 stores that J.C. Penney will be closing.
Getty ImagesJ.C. Penney (http://online.wsj.com/public/quotes/main.html?type=djn&symbol=JCP) Co.JCP -5.14% (http://blogs.wsj.com/public/quotes/main.html?type=djn&symbol=JCP?mod=inlineTicker), the struggling retailer that said it was “pleased with its performance (http://blogs.wsj.com/moneybeat/2014/01/08/j-c-penney-is-pleased-with-holiday-performance-shareholders-displeased/)” during the holiday season, announced late Wednesday that it will close 33 stores as part of a strategic turnaround.
The company, which is expected to cut 2,000 positions, said the closings should result in an annual cost savings of about $65 million, beginning in 2014.
Here’s a list of the the 33 stores that J.C. Penney will be closing.