No cuts to JC Penney in our region - WCAX.COM Local Vermont News, Weather and Sports-

No cuts to JC Penney in our region

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BURLINGTON, Vt. -

Big changes for department store J.C. Penney: The retailer says it will cut 2,000 jobs and shutter 33 stores nationwide. No stores in our region will be affected.

Earlier this month the company said it was pleased with holiday results but declined to give sales figures. A strong November and December is crucial to retailers since the business can account for up to 40 percent of annual sales.

The cuts should save the company more than $65 million annually.

No stores in Vermont, New York, New Hampshire or Massachusetts are on the chopping block.

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