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JC Penney Closing Stores, Cutting Jobs

The moves are expected to save the company $65 million a year.

JC Penney announced Wednesday that it is closing 33 "underperforming" stores and cutting 2,000 jobs as part of its turnaround efforts.

Click here for the full list of store closings. None of the store closings are in New Hampshire or Massachusetts. JC Penney has locations in Newington, Nashua, Manchester, Concord and Salem.

The closures and job cuts are expected to save the company about $65 million a year.

Remaining inventory in the affected stores will be sold over the next several months, with final closings expected to be complete by early May. The company is still moving forward with plans to open a new store location later this year in Brooklyn, NY.

"As we continue to progress toward long-term profitable growth, it is necessary to reexamine the financial performance of our store portfolio and adjust our national footprint accordingly," Myron E. (Mike) Ullman, III, chief executive officer of JC Penney said in a prepared statement. "While it's always difficult to make a business decision that impacts our valued customers and associates, this important step addresses a strategic priority to improve the profitability of our stores and position JC Penney for future success."

The Paulding County JC Penny, located at 5043 Jimmy Lee Prkwy, in Hiram, is not yet on the list. 

The stores that are closing are:   

Selma, Ala. -- Selma Mall

Rancho Cucamonga, Calif. -- Arrow Plaza

Colorado Springs -- Chapel Hills Mall

Meriden, Conn. -- Meriden Square

Leesburg, Fla. -- Lake Square Mall

Port Richey, Fla. -- Gulf View Square

Muscatine, Iowa -- Muscatine Mall

Bloomingdale, Ill. -- Stratford Square Mall

Forsyth, Ill. -- Hickory Point Mall

Marion, Ind. -- Five Points Mall

Warsaw, Ind. -- Marketplace Shopping Center

Salisbury, Md. -- The Centre at Salisbury

Marquette, Mich. -- Westwood Plaza

Worthington, Minn. -- Northland Mall

Gautier, Miss. -- Singing River Mall

Natchez, Miss. -- Natchez Mall

Butte, Mont. -- Butte Plaza Shopping Center

Cut Bank, Mont.

Kinston, N.C. -- Vernon Park Mall

Burlington, N.J. -- Burlington Center

Phillipsburg, N.J. -- Phillipsburg Mall

Wooster, Ohio -- Wayne Towne Plaza

Exton, Pa. -- Exton Square Mall

Hazleton, Pa. -- LaurelMall

Washington, Pa. -- Washington Mall

Chattanooga -- Northgate Mall

Bristol, Va. -- Bristol Mall

Norfolk, Va. -- Military Circle Mall

Fond du Lac, Wis., Forest Mall

Janesville, Wis. -- Janesville Mall

Rhinelander, Wis. -- Lincoln Plaza Center

Rice Lake, Wis. -- Cedar Mall

Wausau, Wis. -- Wausau Mall

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