Monday, January 24, 2011

Penney isn’t making cents


Popular — and affordable — retail store J.C. Penney announced they are discontinuing their catalog, and closing six stores and two call centers in an effort to boost profits. The big business will also shut down a manufacturing plant in Sacramento, California and eliminate 225 decorating studios from 1,100 of their department stores. The company will announce job cuts in the upcoming weeks.

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