JCPenney Closing More Than 100 Stores Nationwide

Retail company takes action to focus on online sales

NATIONAL — JCPenney executives announce they are closing nearly 140 stores nationwide in an effort to slash company costs. Officials with the department store chain say they are offering about 6,000 employees a buyout with an “early retirement program.” They say they want to focus more on improving the company’s online sales in order to compete with other retailers. Two…