MIAMI (CBSMiami) – J.C. Penney plans to close another 138 stores, including two in Florida, this summer.
The company announced the closures of the poorly performing locations in an effort to improve profitability.
The two stores closing in Florida are in Jacksonville and Palatka.
Most of the stores will close in June, expect liquidation sales to begin in mid-April.
J.C. Penney says the closures will affect about 5,000 workers.
[graphiq id=”4NKReeyId3T” title=”J. C. Penney Company, Inc. (JCP) Key Financial Metrics” width=”600″ height=”575″ url=”https://w.graphiq.com/w/4NKReeyId3T” link=”http://listings.findthecompany.com/l/10288313/J-C-Penney-Company-Inc-in-Plano-TX” link_text=”FindTheCompany | Graphiq” ]