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Archive Home > 2011 > January > 25 > J.C. Penney closing stores; adds to board

J.C. Penney closing stores; adds to board


January 25, 2011

NEW YORK — J.C. Penney Co. plans to close some stores, outlets and call centers, finish closing its catalog business and add two opinionated shareholders, including activist investor William Ackman, to its board.

The department store chain said Monday that the moves are intended boost....

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