J.C. Penney’s new CEO has announced store closures, which follow a sluggish holiday season:
“This marks one of the first public moves by Soltau, who took the helm in October. The decision to close underperforming stores doesn’t come as a surprise, since she promised “quick action” in November for a company looking for a turnaround. She said she was taking a close look at the company’s fleet of about 860 stores.”
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