J.C. Penney Closing 33 Stores; Laying Off 2,000 - KMPH FOX 26 | Central San Joaquin Valley News Source

J.C. Penney Closing 33 Stores; Laying Off 2,000

Posted:

J.C. Penney will close 33 stores and lay off about 2,000 employees, the retailer said Wednesday.

"These actions are expected to result in an annual cost savings of approximately $65 million, beginning in 2014," the company says in a press release issued after the close of the stock market.

CEO Myron E. Ullman said in the release: "While it's always difficult to make a business decision that impacts our valued customers and associates, this important step addresses a strategic priority to improve the profitability of our stores and position JCPenney for future success."

  • Local NewsLocal NewsMore>>

  • Thieves Empty Pantry At Fresno Charter School: McDonald's Donates Lunches

    Thieves Empty Pantry At Fresno Charter School: McDonald's Donates Lunches

    School was extra challenging Thursday for Valley Prep Academy in Fresno. School administrators discovered that thieves had broken into the cafeteria overnight then they realized that all of the lunches to be served Thursday were spoiled because the crooks left the refrigerators doors open.The cafeteria director knew there was a problem when she walked in and saw the mess. She passed on the bad news to site director Corrie Sands. "The food she was preparing to serve was not the correct tempera...More >>
    School was extra challenging Thursday for Valley Prep Academy in Fresno. School administrators discovered that thieves had broken into the cafeteria overnight then they realized that all of the lunches to be served Thursday were spoiled because the crooks left the refrigerators doors open.The cafeteria director knew there was a problem when she walked in and saw the mess. She passed on the bad news to site director Corrie Sands. "The food she was preparing to serve was not the correct tempera...More >>
  • Clovis Unified Baseball Coach Recovering From West Nile

    Clovis Unified Baseball Coach Recovering From West Nile

    Clovis Unified Teacher and Coach Tim Thiessen has been in the fight for his life against the West Nile Virus. But he's on the mend and KMPH Fox 26 News spent Wednesday afternoon talking about his recovery at San Joaquin Valley Rehabilitation Hospital."Well I'm coming back. Praise God I'm coming back." Thiessen is a man of faith who spent nearly the entire month of August battling West Nile. Thiessen was in Southern California at a baseball clinic when he began to feel ill. "The ceiling starte...More >>
    Clovis Unified Teacher and Coach Tim Thiessen has been in the fight for his life against the West Nile Virus. But he's on the mend and KMPH Fox 26 News spent Wednesday afternoon talking about his recovery at San Joaquin Valley Rehabilitation Hospital."Well I'm coming back. Praise God I'm coming back." Thiessen is a man of faith who spent nearly the entire month of August battling West Nile. Thiessen was in Southern California at a baseball clinic when he began to feel ill. "The ceiling starte...More >>
  • #FeedingFamilies Set For 9-10-14

    #FeedingFamilies Set For 9-10-14

    KMPH Fox 26 News and KMJ Radio are joining forces to stuff Valley food banks. The drought is now robbing thousands of Valley residents of water and food, and many are now going hungry.More >>
    KMPH Fox 26 News and KMJ Radio are joining forces to stuff Valley food banks. The drought is now robbing thousands of Valley residents of water and food, and many are now going hungry.
    More >>
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KMPH. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.