J.C. Penney

J.C. Penney announced Tuesday that holiday sales fell and it plans to close three stores by the spring as part of an ongoing evaluation of its performance

The retailer didn’t specify which stores it planned to close but said it would provide more information when it reports fourth-quarter results on Feb. 28. J.C. Penney shares closed Tuesday at $1.21. The stock, which has lost more than 67 percent over the past year, was recently trading below the $1 mark.