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J.C. Penny announces store closings and layoffs

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J.C.Penny is closing 33 stores across the nation and the list includes a store at the Arrow Plaza in Rancho Cucamonga.

Five of the store closings are in Wisconsin and the complete list is at the end of this article.

Company officials said the move is part of the company's strategic turnaround and will save about $65 million dollars. All stores will be closed by early May and about 2,000 positions will be eliminated.

J.C.Penny is moving ahead with plans to open a store at the Gateway II development in Brooklyn.

The stores slated for closure were called "underperforming" and the company wanted to focus on growth opportunities. "It is necessary to reexamine the financial performance of our store portfolio and adjust our national footprint accordingly," said CEO Myron Ullman, a new member of the Retail Industry Leaders Association.

In a Jan. 8, 2014 press release the retailer said, "Customers responded well to the Company's offerings this holiday shopping season, both in store and online."

In Google's top retail search terms for 2013, a Forbes.com article noted that Kohl's was number one, J.C.Penny's took the second spot, and Nordstrom was third for online shoppers. Forever 21 and Victoria's Secret made the top five.

Internetretailer.com lists J.C. Penny as number 15 in the top 500 online retail sites.

Here is the complete list of stores being closed:

AL

Selma

Selma Mall

CA

Rancho Cucamonga

Arrow Plaza

CO

Colorado Springs

Chapel Hills Mall

CT

Meriden

Meriden Square

FL

Leesburg

Lake Square Mall

FL

Port Richey

Gulf View Square

IA

Muscatine

Muscatine Mall

IL

Bloomingdale

Stratford Square Mall

IL

Forsyth

Hickory Point Mall

IN

Marion

Five Points Mall

IN

Warsaw

Marketplace Shopping Center

MD

Salisbury

The Centre at Salisbury

MI

Marquette

Westwood Plaza

MN

Worthington

Northland Mall

MS

Gautier

Singing River Mall

MS

Natchez

Natchez Mall

MT

Butte

Butte Plaza Shopping Center

MT

Cut Bank

(N/A)

NC

Kinston

Vernon Park Mall

NJ

Burlington

Burlington Center

NJ

Phillipsburg

Phillipsburg Mall

OH

Wooster

Wayne Towne Plaza

PA

Exton

Exton Square Mall

PA

Hazleton

Laurel Mall

PA

Washington

Washington Mall

TN

Chattanooga

Northgate Mall

VA

Bristol

Bristol Mall

VA

Norfolk

Military Circle Mall

WI

Fond Du Lac

Forest Mall

WI

Janesville

Janesville Mall

WI

Rhinelander

Lincoln Plaza Center

WI

Rice Lake

Cedar Mall

WI

Wausau

Wausau Mall

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