JC Penney Dies as the Retail Apocalypse Grows
Published in
5 min readApr 5, 2019
The great retail apocalypse is getting worse as JC Penney dies and plans to close 27 stores. Disturbingly, JC Penney (NYSE: JCP) is far from alone.
In fact, they cut 41,201 US retail jobs in January and February 2019, Challenger, Gray, & Christmas estimates. In contrast, America lost 21,484 retail jobs in January and February 2018. Therefore, the retail apocalypse is real, and it is getting worse.
For example, Lifeway Christian Bookstores is closing all 170 of its brick and mortar stores, NBC News reports. Meanwhile, JCPenney…
