SPOTLIGHT ON… J.C. Penney Quietly Closes Outlet Stores

J.C. Penney (NYSE:JCP) will close all 15 of its 5 Start Outlet stores by the end of this year because of a significant decline in sales. "After exploring all the alternatives, we could no longer incur the losses resulting from the continued operation of the Outlet stores," Glen Gammons, CEO of 5 Start, told Women's Wear DailyStory