J.C. Penney to permanently shut about 242 stores as part of bankruptcy plan

May 18, 2020 by  
Filed under News

J.C. Penney Co Inc plans to trim its store count by 29% to about 604, as the U.S. department store chain looks to focus on those more profitable, a regulatory filing showed on Monday, two days after it filed for bankruptcy protection.

Source: Reuters Business News

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