17 January 2014 (10:19 UTC-07 Tango)/15 Rabi ‘al-Awwal 1435/27 Dey 1392/17 Gui-Chou (12th month) 4711
Despite saying they’re happy with the end of year holiday sales, JCPenney officials are going to shutdown 33 stores and kill 2-thousand U.S. jobs in 2014!
Company officials said they still aren’t profitable, and they need to cut $65-million from their yearly budget! If you’ve been following the Sears-Kmart debacle you’ll realize that shutting down a lot of stores only creates a downward spiral, because shutting down huge numbers of stores also kills overall sales.
Stores will be closed in Alabama, California, Colorado, Connecticut, Florida, Iowa, Illinois, Indiana, Maryland, Michigan, Minnesota, Mississippi, Montana, North Carolina, New Jersey, Ohio, Pennsylvania, Tennessee, Virginia and Wisconsin.
“Our ideals and principles, as well as our national security……..That’s what makes America different. That’s what makes us exceptional.”-Barack Obama, 10 September 2013