What: another round of store closings for the US department store chain

Why it is important: after filing for bankruptcy in May, the retailer started closing 154 stores in June. Now that it has been saved from bankruptcy it announces new store closures for early 2021

The retailer has emerged from bankruptcy after being acquired by mall owners Simon Property Group and Brookfield Asset Management, Inc. Now it said it will be closing another 15 stores by the end of March 2021, adding to the list of stores already closed down this year. "As part of our store optimization strategy that began in June with our financial restructuring, we have made the decision to close an additional 15 stores," J.C. Penney said in a statement.

J.C. Penney closing more stores after exiting bankruptcy [...]

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• JCPenney plans 154 store closures
• JCPenney exits bankruptcy