J.C. Penney Dresses Up CEO Allen Questrom wants young women to shop in his stores. His strategy: sell clothes they might actually wear.

J.C. Penney (JCP) plans to close 130 to 140 stores and offer buyouts to 6,000 workers as the department-store industry sags in competition with online sellers and nimble niche retailers.

The department-store retailer released its list of 138 store closures Friday.

In this Wednesday, Aug. 14, 2019, photo two women walk into the JCPenney store in Peabody, Mass. J.C. Penney Co. on Thursday, Aug. 15, reported a loss of $48 million in its fiscal second quarter.

At J.C. Penney, sales are down and losses are mounting as the department store chain tries — again — to win over the suburban moms that it has repeatedly sidelined over the past decade.

Advancing its years-long effort to revamp its troubled women's apparel offer, J.C. Penney on Monday introduced another new private label, Ryegrass, available in 400 stores and online. The ...

Shares of J.C. Penney surged after the ailing department store cut its quarterly losses in half and announced that it would begin selling used clothing to staunch fading sales.