JCPenney Announces it is Closing Even More Stores
Could the end be onlineing for JCPenney stores?
JCPenney just released their Q4 Fourth Quarter and Fiscal 2018 Earnings and announced that they will be closing more stores than they had previously announced in January.
JCPenney will be closing 18 full-line stores and nine ancillary home and furniture stores due to a 255 million dollar net loss.😱 Nearly all these impacted stores are expected to close in the second quarter of 2019.
Although this is not as large of a store closing as the one they announced in 2017, it seems to be the ongoing trend with both JCPenney and other retailers.