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J.C. Penney Still Has Many Underlying Core Issues

It is not a surprise that most of these stores are located in malls, as I discussed in my first article on JCP. I considered this a significant liability. U.S. malls seem to be losing interest fast. Although the country still has over 1,000 malls, some have a significant vacancy rate. Roughly, around 15% of U.S. malls have vacancy rates of 10% to 40%, with 3.6% suffering vacancy rates far exceeding 40%. That's very troublesome. Read more