- Associated Press - Thursday, January 8, 2015

PROVIDENCE, R.I. (AP) - Department store chain J.C. Penney Co. has notified owners of the Providence Place mall that it will close its outlet before the end of the year.

Management at the Providence store began notifying employees this week.

A spokesman for Providence Place mall said it’s too soon to determine any impact on the property.

The Penney store opened in Providence Place in February 2006.

In the third quarter posted in November, Penney lost $188 million, or 62 cents per share. Earlier in 2014, it cut 2,000 jobs and closed 33 stores.


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