J.c. Penney To Close Up To 140 Stores

Sarah Halzack - The Washington Post, Portland Press Herald
Fri, 02/24/2017 - 7:17am

J.C. Penney on Friday said it plans to close between 130 and 140 stores in the next several months, a move that makes it the latest retail stalwart to pull back from the mall amid the rise of online shopping. The department store giant’s latest quarterly results, also released Friday, illustrate its struggle to connect with shoppers: Sales were down 0.7 percent at stores open more than a year.

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Topics:  Maine   Cumberland County   Portland   
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