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

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.

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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