JCPenney set to close stores and layoff employees - ABC6 - Providence, RI and New Bedford, MA News, Weather

JCPenney set to close stores and layoff employees

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Another major retailer is slashing jobs and closing stores.

Struggling JCPenney says holiday sales were strong but the company will close 33 under performing store by May and laying off 2,000 employees.

The retailer says the closings and layoffs should save them about $65–million dollars a year.

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