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USA Today reports that “JC Penney plans to close 15 additional full-line stores and nine home-and-furniture locations as the retailer struggles to get its footing amid significant challenges for department stores.” The stores - which so far have not been identified - are said to either be underperforming or representative of “a real estate monetization opportunity.”

The story says that “JC Penney had been reviewing its locations for potential closures as it seeks to cut costs amid a downturn in sales. The retailer had 864 department stores as of Nov. 3, according to a public filing. The latest move comes after the company had already announced three full-line store closures in January, bringing the total closures for 2019 to 27.”


• In Minnesota, the Star Tribune reports that Best Buy had “a robust holiday season … yet another indication that even in a time when Amazon has threatened to dominate the consumer electronics business, Best Buy has figured out an online and instore business model that seems to be competitive.
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