J.C. Penney to Close 33 Stores and Cut 2,000 Jobs

(No Ratings Yet)

Loading...

It was announced on Wednesday that J.C. Penney Co. will close 33 of its stores, cutting 2,000 jobs, according to The Wall Street Journal.

Earlier this winter, the store refused to releases its holiday sales information, but did say publicly that it was happy with the sales numbers from the holiday season.

  

What

Where

Search Jobs

Prior to the cuts, the company employed 116,000 staffers across more than 1,100 stores.

The announced cuts should save the company close to $65 million annually. The company is planning to take on $26 million in pretax charges for the third quarter. Then, the company will take on $17 million in future quarters.

The full list of stores being shuttered include the following:

State	City	Shopping Center
AL	Selma	Selma Mall
CA	Rancho Cucamonga	Arrow Plaza
CO	Colorado Springs	Chapel Hills Mall
CT	Meriden	Meriden Square
FL	Leesburg	Lake Square Mall
FL	Port Richey	Gulf View Square
IA	Muscatine	Muscatine Mall
IL	Bloomingdale	Stratford Square Mall
IL	Forsyth	Hickory Point Mall
IN	Marion	Five Points Mall
IN	Warsaw	Marketplace Shopping Center
MD	Salisbury	The Centre at Salisbury
MI	Marquette	Westwood Plaza
MN	Worthington	Northland Mall
MS	Gautier	Singing River Mall
MS	Natchez	Natchez Mall
MT	Butte	Butte Plaza Shopping Center
MT	Cut Bank	(N/A)
NC	Kinston	Vernon Park Mall
NJ	Burlington	Burlington Center
NJ	Phillipsburg	Phillipsburg Mall
OH	Wooster	Wayne Towne Plaza
PA	Exton	Exton Square Mall
PA	Hazleton	Laurel Mall
PA	Washington	Washington Mall
TN	Chattanooga	Northgate Mall
VA	Bristol	Bristol Mall
VA	Norfolk	Military Circle Mall
WI	Fond Du Lac	Forest Mall
WI	Janesville	Janesville Mall
WI	Rhinelander	Lincoln Plaza Center
WI	Rice Lake	Cedar Mall
WI	Wausau	Wausau Mall