News > J.C. Penney to close 154 stores in in first post-bankruptcy phase
J.C. Penney to close 154 stores in in first post-bankruptcy phase
One News Page | 05/06/2020 02:05 PM | Click to read full article
"While closing stores is always an extremely difficult decision, our store optimization strategy is vital to ensuring we emerge from both Chapter 11 and the COVID-19 pandemic as a stronger retailer with greater financial flexibility to allow us to continue serving our loyal customers for decades to come," said Jill Soltau, chief executive officer of JCPenney, in a statement.