JC Penney lists a 138 stores it is formulation to shutter

http://www.sfgate.com/news/texas/article/J-C-Penney-lists-the-138-stores-it-is-planning-11009945.php

  • FILE - In this Apr 9, 2013, record photo, signage during a J.C. Penney store is displayed in New York. J.C. Penney is inventory a 138 locations it will shiver in a entrance months as a tradesman seeks to cut costs and urge a profitability. J.C. Penney Co. is spiteful as some-more people emporium online instead of streamer to a mall. The closures are partial of a company's formerly announced skeleton to concentration on a best-performing stores. Photo: Mark Lennihan, AP / AP2013

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Continue clicking to see a retailers with a best lapse policies.

Continue clicking to see a retailers with a best lapse policies.


Photo: Gary Fountain

Continue clicking to see a retailers with a misfortune lapse policies.

Continue clicking to see a retailers with a misfortune lapse policies.


Photo: Forever 21

Worst in a BusinessYet another two-week lapse policy, though it’s installed with exceptions. No earnings on TVs incomparable than 24 inches, aptness equipment, vast appliances, microwaves, booze coolers and so many some-more items. After a object is delivered to you, it is your shortcoming to check a product to make certain it isn’t damaged before signing for it. If it is, you’ve got to settle servicing it rather than replacing it. Also, when we sequence something and wish to cancel it, even if it hasn’t shipped yet, there is a estimate cost of 3.5 percent of a item’s squeeze price. less


Photo: Getty Images


NEW YORK (AP) — J.C. Penney on Friday listed for a initial time a 138 locations it will shiver in a entrance months as a tradesman seeks to cut costs and urge a profitability.

Like other dialect stores, J.C. Penney Co. is spiteful as some-more people emporium online instead of streamer to a mall. The closures are partial of a company’s formerly announced skeleton to concentration on a best-performing stores.



About 5,000 jobs will be cut due to a closures, J.C. Penney said. The association had about 105,000 full and part-time employees final year.

Nine stores will tighten in Texas, a many of any state. Eight will tighten in Minnesota and 7 will be tighten in both Michigan and Pennsylvania.

Liquidation sales during a 138 stores will start subsequent month, and many of a stores will be tighten by mid-June, a association said.

The closings will leave J.C. Penney with a sum of about 900 stores.

On a heels of Sears’ proclamation final month that it will tighten over 100 stores nationwide, another dialect store has done a same formidable decision. J.C. Penney has announced that it will tighten 130-140 stores and dual placement centers. Fortune reports that a tradesman shiver a locations over a subsequent few months. CEO Marvin Ellison told CNBC Shares of J.C. Penney have depressed 1.9 percent in pre-market trade Friday.


Media: Brandpoint


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