jcpenney closing stores

Struggling J.C. Penney to Shut Stores in Cost-Cutting Move

JC Penney (JCP) said it will close some of its department stores, call centers and outlet stores in a bid to cut costs. JC Penney will shut five department stores in locations including Morrow, Ga and West Dundee, Ill., the company said in a statement. It will close a total of 19 outlet stores, as well as its call center facilities in Grand Rapids, Mich and Albuquerque, NM.