DeRidder J.C. Penney expected to close summer 2017 - KPLC 7 News, Lake Charles, Louisiana

DeRidder J.C. Penney expected to close summer 2017

(Source: Wikipedia) (Source: Wikipedia)

The DeRidder J.C. Penney store is expected to close in summer 2017, according to a news release.

The retail company released the list of 138 stores it plans to close across the U.S Friday.

“In 2016, we achieved our $1 billion (Earnings Before Interest, Taxes, Depreciation and Amortization) target and delivered a net profit for the first time since 2010; however, we believe we must take aggressive action to better align our retail operations for sustainable growth," said Marvin R. Ellison, chairman and CEO of J.C. Penney in the Feb. 24 news release that originally announced the store closures.  

The Lake Charles location was not affected by the recent announcement.

J.C. Penney, one of the nation's largest department stores, currently operates more than 1,000 locations across the U.S. and Puerto Rico and employs about 100,000 employees.

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