Business
JC Penney to Shut 40 Stores and Cut 2,250 Jobs This Year
In this Tuesday, June 19, 2012 file photo, shoppers walk in a J.C. Penney store in Plano, Texas. J.C. Penney Co. on Thursday, Jan. 8, 2015 said it will close about 40 stores this year and cut approximately 2,250 jobs, as it tries to recover from a disastrous attempt to reshape its brand. The store pictured was not listed among those to close. (AP Photo/LM Otero, File)
NEW YORK (AP) — J.C. Penney Co. said that it will close about 40 stores this year and cut approximately 2,250 jobs, as it tries to improve its profitability.
Most of the stores, located in malls around the country, will close by April 4. The Plano, Texas, company currently runs about 1,060 stores.
The announcement Thursday comes two days after J.C. Penney reported a rise in sales during the critical holiday shopping season, an encouraging sign as the company tries to recover from a botched plan to reinvent itself under former CEO Ron Johnson. It has tapped a new CEO, former Home Depot executive Marvin Ellison, who will replace current CEO Mike Ullman in August. Ullman was rehired as CEO in April 2013 after retiring from the top job in 2011.
J.C. Penney said all employees at stores being closed will be offered career training classes, including help writing resumes and filling out applications. The company said that some employees are eligible to receive separation benefits.
Last January, the company announced plans to close about 33 stores and cut approximately 2,000 jobs.
J.C. Penney shares rose 4 cents to $7.93 in afternoon trading Thursday. Its shares are up about 7.5 percent versus a year ago.
Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Activism
Oakland Post: Week of September 20 – 26, 2023
The printed Weekly Edition of the Oakland Post: Week of September 20 – 26, 2023
To enlarge your view of this issue, use the slider, magnifying glass icon or full page icon in the lower right corner of the browser window. 
Activism
Oakland Post: Week of September 13 – 19, 2023
The printed Weekly Edition of the Oakland Post: Week of September 13 – 19, 2023
To enlarge your view of this issue, use the slider, magnifying glass icon or full page icon in the lower right corner of the browser window.
Activism
Oakland Post: Week of September 6 – 12, 2023
The printed Weekly Edition of the Oakland Post: Week of September 6 – 12, 2023
To enlarge your view of this issue, use the slider, magnifying glass icon or full page icon in the lower right corner of the browser window.
WORK FROM HOME
Home-based business with potential monthly income of $10K+ per month. A proven training system and website provided to maximize business effectiveness. Perfect job to earn side and primary income. Contact Lynne for more details: Lynne4npusa@gmail.com 800-334-0540
Oakland Post: Week of September 20 – 26, 2023
WATCH LIVE! — NNPA 2023 National Leadership Awards Reception
OP-ED: Delivering Climate Resilience Funding to Communities that Need it the Most
Tale of Two Underground Railroad Communities
Congressional Black Caucus Chair Steven Horsford Honored with 2023 NNPA Leadership Award
Biden-Harris Administration Secures Voluntary Commitments from More Artificial Intelligence Companies to Manage the Risks Posed by AI
Black Economic Alliance Foundation Joins Fearless Fund in Fighting Lawsuit
Dorrough Music Continues to Add to Dallas Music Legacy
California Congressional Black Caucus Launches Statewide Reparations Education Campaign
OP-ED: Turning the Page — $2.2 Billion in Financial Relief for Farmers, Ranchers, and Landowners Who Faced Discrimination
60th Anniversary of Birmingham Church Bombing Unites Families of Victims and Perpetrators
Oakland Post: Week of September 13 – 19, 2023
73% of the mental health careworkforce is white.
US Senator Raphael Warnock joins the Conversation
Unlocking the True Value of Home Ownership
Oakland Post: Week of September 20 – 26, 2023
Oakland Post: Week of September 13 – 19, 2023
Oakland Post: Week of September 6 – 12, 2023
Oakland Post: Week of August 30 – September 5, 2023
Oakland Post: Week of August 23-29, 2023
Oakland Post: Week of August 15 – 22, 2023
Oakland Post: Week of August 9 – 15, 2023
The Tina Turner Musical Excites in San Francisco
Mayor Sheng Thao Speaks on Public Safety, Oakland-Vietnam Trade Opportunities
DA Pamela Price Engages Community at Good Hope Baptist Church Gathering
JPMorgan Chase Bank Hosts Backpack Giveaway in Oakland
Maui, The GOP Debate, an Ex-President’s Arrest, Who Shall Lead America?
Thousands of Black Californians Have Lost Their Health Insurance — Don’t Lose Yours
Singer Etta James and Athlete Archie Williams Inducted Into California Hall of Fame
Performing Stars’ Go On Civil Rights Tour of Alabama
Exploring the Power and Oppression of Black Women in Brazil
2023 Toyota Prius Limited Hybrid Review: The Perfect Entry into the Hybrid World
New Honda and Acura EVs – AutoNetwork Reports 408
The 80’s effect
Ride In the new 2024 TONALE VELOCE EAWD
VW Touareg Was first Introduced in Moab.
Ride in The 2023 Chrysler Pacifica Hybrid
POV Test Drive 2024 Alfa Romero Tonale Veloce EAWD
Quick Walkaround 2024 Alfa Romeo Tonale Veloce EAWD
360 Video Interior 2024 Jeep Wrangler Rubicon X 4xe
Put YOur Butt In Seat…Pilot or Co-Pilot
What Can Pass Through This to…trunk?
Automotive Engineering and Mobility – AutoNetwork Reports 407
Jeep Wrangler Rubicon Daily Driver for You
Nuclear Powered Cars, Flying Cars – AutoNetwork Reports 407
-
Activism1 day agoOakland Post: Week of September 20 – 26, 2023
-
Activism1 week agoOakland Post: Week of September 13 – 19, 2023
-
Activism2 weeks agoOakland Post: Week of September 6 – 12, 2023
-
Activism3 weeks agoOakland Post: Week of August 30 – September 5, 2023
-
Activism4 weeks agoOakland Post: Week of August 23-29, 2023
-
Black History4 weeks agoThe Tina Turner Musical Excites in San Francisco
-
Bay Area3 weeks agoMayor Sheng Thao Speaks on Public Safety, Oakland-Vietnam Trade Opportunities
-
Bay Area3 weeks agoDA Pamela Price Engages Community at Good Hope Baptist Church Gathering
