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JCP Sheds 1,000 Jobs in a Tough Week for Retail Workers

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.

J. C. Penney is shedding 1,000 jobs and shuttering fewer than the 242 stores previously eyed for closure. On Wednesday, the Texas-based retailer said it will trim 1,000 corporate, field management and international positions in an effort to slim down for its post-bankruptcy future. It’s also planning to close 152 stores and engaging in “ongoing…

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