J.C. Penney to close more stores

The department store retailer, J.C. Penney are set to close more department stores across America, closing down sales in stores starting from July 3, as part of its store optimisation strategy.

“These decisions were made based on a comprehensive evaluation of our retail footprint and a careful analysis of store performance and future strategic fit for J.C. Penney,” a spokesperson for the retailer said. 

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