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

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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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