Subscribe for 33¢ / day

NEW YORK  — J.C. Penney Co. will close about 40 stores this year and cut approximately 2,250 jobs, as it tries to recover from a disastrous attempt to reshape its brand.

Most of the stores, located in malls around the country, will close by April 4. The Plano, Texas, company currently runs about 1,060 stores. 

In Illinois, stores will close at the Northland Plaza Mall in DeKalb and the Quincy Mall in Quincy. 

All employees at closing stores will receive career training class, including help writing resumes and filling out applications. The company says that some are eligible to receive separation benefits.

The announcement Thursday comes a day after J.C. Penney reported a rise in sales during the critical holiday shopping season.

0
0
0
0
0

Load comments