J.C. Penney/Facebook"> clock menu more-arrow no yes

Filed under:

J.C. Penney Will Close 33 Stores and Lay Off 2,000

Image via <a href="https://www.facebook.com/jcp">J.C. Penney/Facebook</a>
Image via J.C. Penney/Facebook

Racked is no longer publishing. Thank you to everyone who read our work over the years. The archives will remain available here; for new stories, head over to Vox.com, where our staff is covering consumer culture for The Goods by Vox. You can also see what we’re up to by signing up here.

Plano-based department store J.C. Penney announced today that it will shutter 33 stores nationwide and eliminate 2,000 jobs in its ongoing turnaround effort.

With more than 1,100 stores nationwide, the move is said to save the company some $65 million. The stores will sell off their remaining inventory and will close by May, the company said. While no stores in Texas will be affected, taking the hit the hardest is Wisconsin, where five locations are targeted to close.
· J.C. Penney Co. [Official Site]