The tough times continue for JCPenney. The department store chain announced plans Thursday to close six additional stores as sales and profit continue to decline. The company did not share specifics about its store closings, saying it would give more detailed outlook of its real estate plans when it meets with analysts on April 7. The company has about 850 stores currently, down about 200 stores over the last five years. Sales at stores open at least a year fell 5.6% in JCPenney's fiscal year, which ended February 1. Sales declined even when excluding the impact of JCPenney's exit from the appliance and in-store furniture categories. read more https://www.cnn.com/2020/02/27/business/jcpenney-store-closings/index.html
