What J.C. Penney’s Store Closings Say About America’s Malls

The department-store chain is closing 39 stores this year, after shuttering 33 last year. Its troubles highlight a growing divide in the consumer economy. Brendan Mcdermid / Reuters Department-store chain J.C. Penney, which has been showing signs of improvement after a botched turnaround effort, announced plans to shutter 39 underperforming stores, as the company continues […]