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Fortune

Chris Morris

JCPenney plans to spend over $1 billion on store and online upgrades to revive the flagship American retailer

JCPenney Marc Rosen

(Credit: JCPenney)

JCPenney is betting big on its latest turnaround plan.

The beleaguered retailer says it plans to spend over $1 billion by the end of 2025 to update its stores and online operations as it looks to compete in the modern retail world.

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