JCPenney says it will close about 240 stores after filing for bankruptcy - Business Insider

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.JCPenney plans to close about 240 stores, or roughly 30% of its total locations, the company said in a presentation filed Monday with the Securities and Exchange Commission.

The closings would bring JCPenney's total store count from 846 stores now to about 604 locations, and drop net store sales from about $9.2 billion in fiscal 2019 to about $7.5 billion, the company said. The plan "reflects latest thinking on stores as of April 2020" and the "exact number continues to evolve," the presentation said.

Sorry to hear this. Best of luck to the employees! 💪

JCPenniless

Wow it has come to this

The retail apocalypse enters a new phase

This I can not accept! They have great work clothes

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Florida Disney World starts reopening with Disney Springs stores - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Hot Dog Hot Dog Hot Diggity Dog!! That little girl isn't social distancing from Mickey. Lock her up. That will come back to bite them in the ass. What a stupid decision not from Disney (they just want money) but from the Florida Government.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Alaskan grocery store owner sails 14-hours to Costco each week - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »