j.c. penney ceo says expect store closures /

Though J.
C. Penney says it’s committed to a “robust brick and mortar portfolio,” the company also plans to condense its store footprint.
At the Weitzman Annual Forecast event held Wednesday in Texas, the retailer’s CEO Marvin Ellison said he believes the companys 1014-store footprint is too large, or that J.
C. Penney (NYSE: JCP) is analyzing what locations don’t meet the company’s “brand standard.”
“For the record,I reflect that 1014 stores for J.
C. Penney is too many, because…





Source: bizjournals.com