Retailer J.C. Penney plans to close up to 140 stores and offer buyouts to 6,000 workers nationwide as the department-store industry sags in competition with online sellers.
The company announced Friday it would close 13 to 14 percent of its stores and two distribution centers. Details on which stores will close have not yet been announced.
J.C. Penney has been a longtime anchor store at the Clearview Mall in Butler.
The cuts come amid mounting challenges for once-booming department store chains such as Macy’s and Sears, which are aggressively closing stores and shedding costs as shoppers flock to alternatives.
Written By: Kayla Molczan for the Butler Radio Network
Photo by JeepersMedia
