JC Penney to close 33 stores

It’s no secret that JC Penney stores have been struggling over the past few years. Now, the retailer is adjusting by closing 33 stores in five states, a move that will affect 2,000 jobs and save the company $65 million. Stores in Janesville, Fond du Lac, Rhinelander, Rice Lake, and Wausau are among those being targeted. They may be shuttered by May as the company focuses more on its higher-earning stores.