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JCPenney announces store closures

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JCPenney yesterday announced plans to shutter 27 stores this year.

Company officials cited a "real estate monetization opportunity" for closing the 18 full-line stores and nine ancillary home and furniture locations.

During fiscal year 2018, the company posted net sales of $11.7 billion, a 7.1 percent drop.

Read more from the Dallas Business Journal.

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