JC Penney to Shutter 138 Stores

business closed

SF Gate

J.C. Penney on Friday listed for the first time the 138 locations it will shutter in the coming months as the retailer seeks to cut costs and improve its profitability.

Like other department stores, J.C. Penney Co. is hurting as more people shop online instead of heading to the mall. The closures are part of the company’s previously announced plans to focus on its best-performing stores.

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

Nine stores will close in Texas, the most of any state. Eight will close in Minnesota and seven will be shut in both Michigan and Pennsylvania.

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I am Doomberg, one of the original founding members of Sparta Report, and have been here since the beginning. I am an insatiable news junkie and enjoy reading and writing about the US territories, the Caribbean, video games, smartphones, and of course conservative politics in general. I also really like pictures of gas stations and claim full responsibility for the silly gas station motif. I'm presently trapped behind enemy lines in a blue state with no hope of escape! The ride never ends.

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