J.C. Penney Closing 4 Minnesota Stores In First Phase Of Post-Bankruptcy J.C. Penney is closing four Minnesota locations as the company works to shrink its footprint after filing for bankrupycy amid the COVID-19 pandemic.
J.C. Penney To Close Up To 140 StoresRevenue at stores opened at least a year was down 0.7 percent.
JC Penney To Close 33 Stores, Including 1 In WorthingtonJ.C. Penney plans to close 33 stores, including one in Minnesota, as part of a cost-cutting initiative. The Minnesota store slated for closure is at the Northland Mall in Worthington. J.C. Penney announced Wednesday it will cut 2,000 jobs as the struggling department-store operator tries to get back on the path to profitability. The 33 stores will be closed by early May.
J.C Penney's Stock TumblesJ.C. Penney's shares are tumbling a day after the department store chain announced the sudden departure of Michael Francis, a top Target executive brought in last October to help redefine the store's brand.