J.C. Penney (JCP) said it will close some of its department stores, call centers and outlet stores in a bid to cut costs.
The struggling retailer will shut five department stores in locations including Morrow, Ga., and West Dundee, Ill., the company said in a statement. It will close a total of 19 outlet stores, as well as its call center facilities in Grand Rapids, Mich., and Albuquerque, N.M….
Continue reading Struggling J.C. Penney to Shut Stores in Cost-Cutting Move
Struggling J.C. Penney to Shut Stores in Cost-Cutting Move originally appeared on DailyFinance on Mon, 24 Jan 2011 07:27:00.
Filed Under: Company News, JC Penney, Retail