• US retail giant JCPenny to cut 1,000 jobs, shut 152 stores

    US retail giant JCPenny to cut 1,000 jobs, shut 152 stores

    Published Date : 16-Jul-2020 11:48:22 IST

    US retail giant JCPenny plans to cut 1,000 jobs and shut 152 stores amid coronavirus crisis while being under bankruptcy protection. The job cuts will take place across corporate, field management and international positions. Penney filed for bankruptcy protection in May and plans to permanently close nearly a third of its 846 stores in the next two years.

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