J.C. Penney Announces Store Closures — DallasNews.com

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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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