JC Penney closing 33 stores, one in Warsaw

By: NewsCenter16 Staff Email
By: NewsCenter16 Staff Email

WARSAW, Ind. JC Penney is closing 33 stores across the country, including one in Warsaw.

The company --one of America’s largest and oldest apparel and home furnishing retailers-- said the stores on the chopping block are mostly in small markets at regional malls.

Nearly 2000 employees will be laid off at the underperforming stores.

According to JC Penney, it will save the retailer $65 million dollars annually.

The chain has been struggling lately, going for nine straight quarters without a profit.

The stores are expected to close by early May, including the one at Warsaw's marketplace shopping center.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
WNDU - Channel 16 54516 State Road 933 South Bend, IN 46637 Front Desk: 574-284-3000 Newsroom: 574-284-3016 Email: newscenter16@wndu.com
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 240392941 - wndu.com/a?a=240392941