J.C. Penney to cut 1,000 jobs, close 152 stores

By The Citizen on July 15, 2020

July 15 (Reuters) — J.C. Penney Co. Inc. said on Wednesday it would cut about 1,000 jobs and shutter 152 stores as the U.S. department store chain looks to emerge from Chapter 11 protection and the COVID-19 crisis.
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