The company Wednesday announced it will close 33 underperforming stores and lay off 2,000 employees.
The company said the closings will save about $65 million a year beginning in 2014. It will take pretax charges of $26 million in the fourth quarter and $17 million in the first quarter. The stores are expected to be closed by May.
The Kinston store in the Vernon Park Mall is the only North Carolina store slated to be closed.
