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Penney’s Plans to Slash Up to 242 Stores

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Bankrupt Penney’s could slash as many as 242 stores as part of its go-forward plan. Three days after it filed for bankruptcy court protection, J. C. Penney is looking at operating with a slimmed-down network of 604 stores, down from 846, according to a business plan filed Monday with the Securities and Exchange Commission. And…

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