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

NEW YORK >> J.C. Penney said Friday that 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 the.

J.C. Penney will close 130 to 140 stores, about 14 percent of its total. Associated Press

J.C. Penney said Friday that 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 the era of.

NEW YORK (AP) – J.C. Penney said. 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 shopping. The closures.

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J.C. Penney to close 13 to 14 percent of stores The Associated press published: february 24, 2017, 9:10 am Updated: February 24, 2017, 12:36 pm Click to share on Twitter (Opens in new window)

For the fiscal fourth quarter, J.C. Penney reported net income of $192 million, or 61 cents per share. Earnings, adjusted for one-time gains and costs, came to 64 cents per share. The results.

The news came as Penney posted a profit in the fourth-quarter compared to a loss a year ago. The company posted quarterly sales of $3.96 billion, down 0.9 percent from $3.99 billion a year ago.

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The news came as Penney posted a profit in the fourth-quarter compared to a loss a year ago. The company posted quarterly sales of $3.96 billion, down 0.9 percent from $3.99 billion a year ago.

J.C. Penney to close 13 to 14 percent of stores ANNE D’INNOCENZIO, AP Retail Writer Published: February 24, 2017, 10:16 am Updated: February 24, 2017, 10:39 am Click to share on Twitter (Opens in.

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NEW YORK – J.C. Penney says it will be closing anywhere from. The closures, announced Friday, represent about 13 percent to 14 percent.

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NEW YORK (AP) – J.C. Penney says it will be. The closures, announced Friday, represent about 13 percent to 14 percent of the company’s current store count, and less than 5 percent of total annual.

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