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JCPenney store closings: Stores and thousands of job cuts to come

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JCPenney store closings have been announced and it has already been determined which locations will be on the list. UPI reports Jan. 16 that a total of 33 stores will be closed with 2,000 jobs being cut.

According to the report, the retailer had good holiday sales, but they are still struggling to get themselves out of the red zone.

The JCPenney store closings are suppose to save about $65 million a year. It is designed "to close the gap left by a terrible third quarter in 2012 when sales dropped by a third," the report said.

Chief Executive Mike Ullman, III said this regarding the closures:

"As we continue to progress toward long-term profitable growth, it is necessary to re-examine the financial performance of our store portfolio and adjust our national footprint accordingly," Ullman said.

Store closures will be finished by May and employees who will be cut from their positions will be given separation benefits.

JCPenney store closings list:

Selma Mall - Selma, Ala.
Arrow Plaza - Rancho Cucamonga, Calif.
Chapel Hills Mall - Colorado Springs, Colo.
Meriden Square - Meriden, Conn.
Lake Square Mall - Leesburg, Fla.
Gulf View Square - Port Richey, Fla.
Muscatine Mall - Muscatine, Iowa
Stratford Square Mall - Bloomingdale, Ill.
Hickory Point Mall - Forsyth, Ill.
Five Points Mall - Marion, Ind.
Marketplace Shopping Center - Warsaw, Ind.
The Centre at Salisbury - Salisbury, Md.
Westwood Plaza - Marquette, Mo.
Northland Mall - Worthington, Minn.
Singing River Mall - Gautier, Miss.
Natchez Mall - Natchez, Miss.
Butte Plaza Shopping Center - Butte, Mont.
Cut Bank - Mont.
Vernon Park Mall - Kinston, N.C.
Burlington Center - Burlington, N.J.
Phillipsburg Mall - Phillipsburg, N.J.
Wayne Towne Plaza, Wooster, Ohio
Exton Square Mall - Wooster, Pa.
Laurel Mall - Hazleton, Pa.
Washington Mall - Washington, Pa.
Northgate Mall - Chattanooga, Tenn.
Bristol Mall - Bristol, Va.
Military Circle Mall - Norfolk, Va.
Forest Mall - Fond Du Lac, Wisc.
Janesville Mall - Janesville, Wisc.
Lincoln Plaza Center - Rhinelander, Wisc.
Cedar Mall - Rice Lake, Wisc.
Wausau Mall - Wausau, Wisc.

Are any of the locations near you listed on the JCPenney store closings list?



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