Yahoo News – by Harley Peterson, Business Insider
JCPenney is cutting 2,000 jobs and closing 33 stores as the battered department store seeks to revive revenue growth, the company announced Wednesday.
The move will save about $65 million annually beginning in 2014, the company said.
JCPenney, which has about 1,100 stores, has struggled to turn a profit since former CEO Ron Johnson was fired in April. Continue reading “JC Penny to Cut 2,000 Jobs, Close 33 Stores”

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