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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.
Bebe announced plans to close all stores and focus solely on online sales. At its peak, Bebe operated a total of 312 stores, but by March 2017, this was down to 172. [39] Bed Bath & Beyond announced in April 2019 that it would close 40 stores and also open 15 new stores that year. The company continued to struggle through the retail apocalypse ...
The retailer said it plans to close additional stores through bankruptcy. Based in Plano, Texas, the retailer was founded more than a century ago as one of the country’s first department stores ...
On March 17, JCPenney released a list of 138 locations that would close by the end of June. [53] By closing stores and distribution facilities, JCPenney would redirect resources to help expand its store-in-store Sephora boutiques, and add Nike and Adidas boutiques, similar to what Macy's has done with Finish Line, Lids and LensCrafters. [54]
Plagued by debt, disappointing earnings reports and nearly 140 store closings last year, total revenue fell 4.1 percent year over year. Sharing a similar struggle is J.C. Penney’s rival, Sears .
In July 2024, Conn's announced that their store would be closing as a part of their Chapter 11 bankruptcy closures. A liquidation sale was hosted prior to the store closure on October 29th, 2024. In December 2024, JCPenney announced that their store inside the mall would be one of 100+ stores nationwide to be put up for sale. [25]
Yesterday afternoon, troubled department store operator J.C. Penney announced that it will close 33 underperforming stores (3% of its roughly 1,100 locations) this spring. The stores getting the ...