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Certain traditional retailers are having trouble growing their top lines. J.C. Penney (JCP) is reducing its store count amid stagnant revenue growth:
J.C. Penney is set to close six of its department stores in 2020, a spokeswoman confirmed to CNBC.
The stores, set to close by April 24, are at: Southgate Mall in Missoula, Montana; Myrtle Beach Mall in Myrtle Beach, South Carolina; Chapel Hill Mall in Akron, Ohio; North Hills Shopping Center in Raleigh, North Carolina; Tulsa Promenade in Tulsa, Oklahoma, and Green Acres Mall in Valley Stream, New York.