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JCPenney (colloquially Penney's and abbreviated JCP) is an American department store chain with 656 stores across 49 U.S. states and Puerto Rico. [3] [4] It is managed as part of the Catalyst Brands portfolio alongside other apparel retailers such as Brooks Brothers and Eddie Bauer.
Party City closed 45 of its 870 stores in 2019, up from its usual 10 to 15 closures each year. [230] On January 18, 2023, Party City filed for Chapter 11 bankruptcy, [231] and a month afterward, announced the closure of 22 stores. An additional 9 stores were added to the closing list in April as well as 4 more locations in May. [232]
Research published by global retail analyst IHL Group in 2019 suggests that the so-called retail apocalypse narrative was an exaggeration, with "more chains that are expanding their number of stores than closing stores.” [7] That year, retailers in the United States announced 9,302 store closings, a 59% jump from 2018, and the highest number ...
More store closings have been announced for JCPenney, including a Mississippi and Texas store. The department store chain has closed 174 stores. JCPenney closing more stores after bankruptcy.
The department store announced plans in February to close 130 to 140 locations in the coming months, or about 13 percent of stores. JCPenney is shuttering 140 locations -- See if your store is at risk
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In January 2015, it was announced the JCPenney store was closing in April as part of a plan to close 39 stores nationwide. As a result, the mall announced plans to demolish the former JCPenney and replace it with new retail space and a movie theater. [16] The interior of the mall closed on July 1, 2015, with Sears and Boscov's remaining open. [6]
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