CLEVELAND – What we know: JCPenney is hurting. The company plans to shutter as many as 140 stores in 2017. The department store chain has not disclose how many jobs would be cut, but it said it is also offering early retirement to 6,000 full-time employees. RELATED: Read the news release from JCPenney The closings should take […]
J.C. Penney plans to close up to 140 stores and offer buyouts to 6,000 workers as the department-store industry sags in competition with online sellers and nimble niche retailers. The company said Friday that it would shutter 13% to 14% of its stores, representing about 5% of its annual sales, and two distribution centers. The […]