J.C. Penney's New CEO Lays Out First Round of Store Closures
Shoppers stand in line waiting for a J.C. Penney Co. store to open their doors.
Photographer: David Williams/BloombergThis article is for subscribers only.
J. C. Penney Co. said it will close three stores this spring and may announce more next month as new Chief Executive Officer Jill Soltau embarks on a broad evaluation of its footprint. The announcement briefly sent shares soaring in late trading.
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