J.C. Penney To Close 33 Stores – Three In Pennsylvania – None In The Oil Region

January 16, 2014
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Three of the thirty-three stores nationwide slated to be closed by the J.C. Penney chain are located in Pennsylvania.  None are based in the Oil Region.

The company announced Wednesday the closings should save the corporation some $65 million a year.  Officials say the moves will affect some 2,000 jobs.

According to Finance.com, J.C. Penney stock dropped nearly 57 percent in 2013.

Included on the lists of stores to be closed are J.C. Penney branches in Washington, Hazleton and Exton, Pennsylvania.  Local stores in Cranberry and Clarion were not included on the termination list.

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