03 October 2013 (01:01 UTC-07 Tango)/28 Dhu ‘l-Qa’da 1434/11 Mehr 1391/29 Ren-Xu (8th month) 4711

“The closing of the outlets was necessitated by a precipitous decline of sales….we could no longer incur the losses….”-Glen Gammons, CEO, explaining how bad the economy really is

All 15 JC’s 5 Star Outlet stores will close between now and the beginning of 2014.  The outlet chain was originally known as JCPenney Outlet, but was sold to property speculator SB Capital Acquisition in 2011.

The closings will impact 14 eastern U.S. states.  A total of 1400 jobs lost!