JCPenney has now issued its list of store closings, numbering 138, including four in Oklahoma. The Penn Square store in Oklahoma City, rumored to be on the chopping block, survives this round.
The closings in Soonerland will be in Altus, Claremore, Ponca City and Stillwater. This is the statistic that startles me:
The closings will save $200 million per year, the company said.
This works out to nearly $1.5 million per store.