Fair
63°FFairFull Forecast

Business Bit: J.C. Penney in Sterling survives company closures

Published: Thursday, Jan. 16, 2014 11:48 a.m. CDT

STERLING – When struggling department-store operator J.C. Penney announced Wednesday that it will close 33 stores, the store in Northland Mall was not on that list. In fact, J.C. Penney will close only two Illinois stores – in Bloomingdale and Forsyth.

The closures will result in the cut of 2,000 jobs and should save more than $65 million annually, the Associated Press reported. Penney has 116,000 staffers and operates more than 1,100 stores.

More News

About the Author

Follow this blog:

Get updates from this blog when they happen by following it on Twitter or using its RSS feed.

Reader Poll

Members of Congress are about to begin a month-long recess. Should they take it?
Yes, they deserve a vacation like everyone else
No, there is too much unfinished business