JC Penney closing more stores after a weak holiday season

NEW YORK (AP) — J.C. Penney is closing more stores following weak holiday sales season for the retailer.The department store said Thursday that it would turn the lights out at 18 department stores, including three that were announced last month. It will also close nine home and furniture stores. Net income tumbled nearly 70 percent, and a key measure for health dropped 4 percent in the fourth-quarter, the most crucial period of the year for retailers who bank on strong holiday sales.The co