Recovery: JCPenny to Cut 2,000 Jobs, Close 33 Stores
January 15th, 2014Via: Business Insider:
JCPenney is cutting 2,000 jobs and closing 33 stores as the battered department store seeks to revive revenue growth, the company announced Wednesday.
The move will save about $65 million annually beginning in 2014, the company said.
JCPenney, which has about 1,100 stores, has struggled to turn a profit since former CEO Ron Johnson was fired in April.
Posted in Economy | Top Of Page
