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

COVID-19 recovery is on the horizon but the pandemic's impact on sustainability, retail, product development and consumer buying patterns means the denim industry must evolve. Join Rivet on April 20th at 11 am ET for the COVID, One Year Later roundtable.

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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