JCPenney is looking to get out of its billion dollar slump by cutting back on some items.
The company is looking to get rid of appliance and most of the furniture. They will now focus more on clothing sales.
JCPenney is more than four billion dollars in debt and hasn’t had a profitable year since 2010.
The company says these changes will go into effect on February 28 to help improve financial performance and to meet customer expectations.
JCPenney is also considering closing stores to cut costs.