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JCP Closing ‘At Least’ 6 Stores This Year—How High Could That Number Go?

The Rivet 50 is calling for nominations for leaders in the denim industry in 5 categories: design, influencer, leadership, sustainability and supply chain. Nominations close on May 23.

News that J.C. Penney Co. Inc. plans to close “at least” six stores this year weighed on the retail chain’s earnings beat and fueled speculation that more JCP doors could go dark before 2020 comes to a close. In a Nutshell: The mass merchandiser performed better than Wall Street expected, and the metrics underpinning Fiscal 2020 guidance…

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