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J.C. Penney Company will close 130 to 140 stores and two distribution centers during the next several months as it aims to improve profitability in the era of online shopping. The closures, announced Friday, represent about 13 percent to 14 percent of the Plano-based company’s current store count, and less than 5 percent of total annual sales.

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J.C. Penney to close 13 to 14 percent of stores. The closures represent about 13 percent to 14 percent of the department store operator’s current store count, and less than 5 percent of total annual sales. The company said that it would also initiate a voluntary early retirement program for about 6,000 eligible employees.

J.C. Penney will close 130 to 140 under-performing stores. The stores Penny plans to close represent 13 to 14 percent of all of its stores and.

J.C. Penney will close 130 to 140 stores, about 14 percent of its total. Associated Press

The closures represent about 13 percent to 14 percent of the department store operator’s current store count, and less than 5 percent of total annual sales. J.C. Penney to close up to 140.

For the fiscal fourth quarter, J.C. Penney reported net income of $192 million, or 61 cents per share. Earnings, adjusted for one-time gains and costs, came to 64 cents per share. The results.

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Unless noted otherwise, the following financial results reflect the 13 weeks ended Feb. 2, 2019 for fiscal 2018 and reflect the 14 weeks ended Feb.. Comparable sales performance for the closing stores was significantly below the remaining store base and these.. Ratios as a percentage of total net sales:.

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J.C. Penney released a list Friday of the 138 stores it plans to close in an. 13 to 14 percent of the Plano-based company's current store count,

For the fiscal fourth quarter, J.C. Penney reported net income of $192 million, or 61 cents per share. Earnings, adjusted for one-time gains and costs, came to 64 cents per share. The results.

J.C. Penney Company to Close Up to 140 Stores Within Months The company posted quarterly sales of $3.96 billion, down 0.9 percent from last year