History appears to be repeating itself at JCPenney this week. Just days after the retailer announced its same-store sales were up through the holiday season, the company tempered that good news by unveiling plans to close several stores… again.
You might remember the same good news-bad news pattern from just a year ago when the company said sales were up, while also announcing plans to close 40 stores.
This time around, the retailer will close seven underperforming stores by mid-April, the Dallas Morning News reports.
Locations slated for closing, which represent a small fraction of the company’s 1,020 stores, are situated in smaller markets, a spokesperson for the company said.
