View this post on Instagram Bankrupt J. C. Penney Company Inc. is trimming its fleet. In a filing with the Securities and Exchange Commission on Monday, the retailer stated that it plans to close 242 doors, or about 29% of its 846-store fleet. The company expects to close 192 units by February 2021 (the end of the current fiscal year). An additional 50 locations will close in the following fiscal year. More details at our link in bio. 📸: @shutterstocknow A post shared by Footwear News (@footwearnews) on May 19, 2020 at 8:59am PDT
Bankrupt J. C. Penney Company Inc. is trimming its fleet. In a filing with the Securities and Exchange Commission on Monday, the retailer stated that it plans to close 242 doors, or about 29% of its 846-store fleet. The company expects to close 192 units by February 2021 (the end of the current fiscal year). An additional 50 locations will close in the following fiscal year. More details at our link in bio. 📸: @shutterstocknow
A post shared by Footwear News (@footwearnews) on May 19, 2020 at 8:59am PDT