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Retailers are closing up shop. Here’s why…

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Another day, another retailer trimming its store count.

On Thursday, J.C. Penney said that it will close 40 of its locations—about 4 percent of its stores—this year. Then Macy’s said it would close 14 stores in early spring. The announcements came one day after teen retailer Wet Seal said it will shutter about two-thirds of its 500-plus stores, and a bankruptcy judge in Delaware ruled that Deb Shops can shut down nearly 300 stores as part of its liquidation.

These are far from the only retailers whittling down their square footage. …

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CNBC 1/9/2015

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