J.C. Penney to Cut 2,000 Jobs, Close 33 Stores
(AP) -- Department-store operator J.C. Penney says it will cut 2,000 jobs and close 33 stores.
The news comes after J.C. Penney earlier this month said it was pleased with holiday results but declined to give sales figures. A strong November and December is crucial to retailers since it can account for up to 40 percent of annual sales.
(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
Wind: 6 MPH
Humidity: 86 %