The CEO of JC Penney said the company will close of their stores soon.

Last week, Marvin Ellison, CEO of JC Penney said the company soon will close some of its 1,014 stores.

RetailNext tweeted a link to an article in the 'Dallas News' where Ellison admitted:
"We have certain locations that we readily admit we have to downsize."  

The news of the JC Penney store closures comes on the heels of recent closings by 'The Limited,' 'Macy's, Sears and KMart.  

No word as of yet if any of the New Hampshire JC Penney locations will be on the chopping block.

credit Getty Images
credit Getty Images

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