J. C. Penney to close 33 stores, shed 2,000 jobs

J. C. Penney to close 33 stores, shed 2,000 jobs
This photo shows J.C. Penney in 1930, courtesy of Facebook page Vintage Bakersfield, a depository of nostalgic images via community contributions (this one from Shawn Davis). For more old-time photos, visit Vintage Bakersfield.

EUGENE, Ore. - J. C. Penney plans to close 33 stores across the country, eliminating 2,000 jobs.

None of the planned store closures are in Oregon, Washington or Idaho.

The only California store closure on the list is the Rancho Cucamonga location.

The company expects to save $65 million per year.

Remaining inventory in the affected stores will be sold over the next several months, with final closings expected to be complete by early May, the company said.

Eligible employees who do not remain with the Company will receive separation benefits packages, the company said.

J.C. Penney stills plans to open a new store in Brooklyn, New York, later this year.