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J.C. Penney Announces More Closures

  • USA Today, Thursday, December 17, 2020 7:22 PM
The death toll for retailers continues with no end in sight. Despite emerging from bankruptcy this month J.C. Penney announces it will close another 15 stores by the end of March after already closing 150-plus stores since filing for bankruptcy. "As part of our store optimization strategy that began in June with our financial restructuring, we have made the decision to close an additional 15 stores," J.C. Penney said in a statement to USA Today. "These stores will begin liquidation sales later this month.”

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