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.

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