All Posts Tagged Tag: ‘penney’

Penney Store Closings And Job Cuts To Save Company $65 Million

This past Wednesday, J.C. Penney announced it would be closing down 33 stores throughout the nation and cutting 2,000 jobs. The changes are part of an effort to save nearly $65 million each year. J.C. Penney Ceo, Myron Ullman III, stated recently, “As we continue to progress toward long-term profitable growth, it is necessary to re-examine the financial performance of …

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