November 20, 2013
This Monday, Aug. 19, 2013 file photo shows a J.C. Penney store in a Pembroke Pines, Fla., shopping center.
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Struggling department-store operator J.C. Penney announced it will cut 2,000 jobs and close 33 stores as it tries to get back on the path to profitability. No targeted stores are in Missouri.
Even though J.C. Penney's latest results show the beleaguered retailer is hardly out of the woods, investors still see reasons to cheer.
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