NEW YORK (CBS) – J.C. Penney has announced a total of 138 store closures as the company tries to improve profitability.
Three stores in New England are set to close – the J.C. Penney at the Berkshire Mall in Lanesborough, the one at the Rockland Plaza in Maine and the store at the Connecticut Post Mall in Milford.
Most of the stores will close in June – expect liquidation sales to begin in mid-April.
[graphiq id=”9ROj0YPoiyN” title=”J. C. Penney Company, Inc. (JCP) Key Financial Metrics” width=”600″ height=”577″ url=”https://w.graphiq.com/w/9ROj0YPoiyN” link=”http://listings.findthecompany.com/l/10288313/J-C-Penney-Company-Inc-in-Plano-TX” link_text=”FindTheCompany | Graphiq” ]
J.C. Penney says the closures will affect about 5,000 workers.