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J.C. Penney is closing up to 140 stores

In another blow to brick-and-mortar retail, J.C. Penney said today it will close up to 140 stores over the next few months, about 14% of its locations. The retailer reported lower-than-expected holiday sales, down 0.7% for the fourth quarter. The company joins other retailers, including Macy’s and Kmart, that have been plagued by store closures … Continue reading “J.C. Penney is closing up to 140 stores”

In another blow to brick-and-mortar retail, J.C. Penney said today it will close up to 140 stores over the next few months, about 14% of its locations. The retailer reported lower-than-expected holiday sales, down 0.7% for the fourth quarter. The company joins other retailers, including Macy’s and Kmart, that have been plagued by store closures attributed in part to the rise of online shopping. Read more from Reuters.

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About the author

Christopher Zara is a senior staff news editor for Fast Company and obsessed with media, technology, business, culture, and theater. Before coming to FastCo News, he was a deputy editor at International Business Times, a theater critic for Newsweek, and managing editor of Show Business magazine

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