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

Register for the Feb. 17 webinar, De-Risking Supply Chains Through Nearshoring, today to learn how to realize the benefits of localizing supply chains from factories that are helping brands successfully produce in the U.S.

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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