J.C. Penney to close 13 to 14 percent of stores

NEW YORK CITY (AP) – J.C. Penney says it will close 130 to 140 stores as well as two distribution centers over the next several months as it aims to improve profitability in the era of online.

 · The closures represent about 13 to 14 percent of J.C. Penney’s stores and come as the department store industry is sagging in competition with online retailers.

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It will also close up to 140 stores nationwide.. J.C.Penney's store closures represent about 13 percent to 14 percent of the department store.

The closures, announced Friday, represent about 13 percent to 14 percent of the company’s. down 0.9 percent from $3.99 billion a year ago. Revenue at stores opened at least a year was down 0.7.

The Texas-based retailer reports quarterly financial results, Friday, Nov. 13, 2015. (AP Photo/Mark Lennihan, File) NEW YORK (AP) – J.C. Penney says. represent about 13 percent to 14 percent of the.

J.C. Penney says it will be closing anywhere from 130 to 140 stores as well as two distribution centers over the next several months. J.C. Penney to close 13 to 14 percent of stores – Business News – 13 WTHR Indianapolis

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 · Last month, when J.C. Penney informed investors that it would close 13%-14% of its stores, the company estimated that these locations accounted for less.

J. C. Penney will close 130-140 stores in coming months and move its. The pending closures represent about 13 percent to 14 percent of the.

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J.C. Penney operates 22 in Arizona, including nine in metro. stores slated to close are underperformers, representing 13 to 14 percent of the.

J.C. Penney To Close 13 To 14 Percent Of Stores. It’s part of an ongoing effort to save $200 million and become profitable. "Now they are struggling because they’ve done everything they possibly can without cutting stores," says Point park university business professor Paige Beal.

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NEW YORK (AP) – J.C. Penney said today it will be closing anywhere from 130 to 140 stores as well as two distribution centers over the next several months as it aims to improve profitability in.

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