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J.C. Penney to Shut Three Stores and More Closings May Be Coming

Department Store Chain's Holiday Same-Store Sales Fell 3.5 Percent
By Jennifer Waters
CoStar News
January 9, 2019 | 10:38 P.M.

Department store J.C. Penney Co. is closing three locations in coming months and evaluating whether to shut more as the company finds that its previous 147 outlets that were scrapped may not be enough to compete with online shopping.

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