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JC Penney released the locations on Friday of 138 stores it plans to shutter. The massive liquidation plan follows the retailer's disappointing Q4 earnings report in which same-store sales dropped 0.7%. The retailer is shaving off the weak links in its portfolio (mostly tertiary markets and small towns) to focus on improving operations in key locations; the liquidation process for most stores will begin April 17 and close in June, USA Today reports.
Store closures include four California locations, three stores based in New York, nine in Texas and five in Georgia. Check out the full list here.
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