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Updated March 23, 2017 at 12:35 PM JCPenney announced in February plans to close two distribution facilities and 138 department stores this year to redirect resources in higher-performing ...
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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JCPenney announced in February 2017 that it would close 138 stores in 2017. Liquidation sales began on May 22, and the stores closed by July 31. [ 166 ] Another 8 stores and a distribution center closed in 2018 while over 50 additional stores were expected to close between mid-2019 and late 2020.
On March 17, JCPenney released a list of 138 locations that would close by the end of June. [55] 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. [56]
On January 4, 2017, Macy's announced that its Eastland Mall store would close. [13] The store closed in March 2017, leaving Sears as Eastland's only remaining anchor. On June 6, 2017, Sears announced that its Eastland Mall store would close by early September, [ 14 ] leaving the mall entirely without anchor stores.
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On March 17, 2017, JCPenney announced that its store would be closing as part of a plan to close 138 stores nationwide. The store closed on July 31, 2017. [ 7 ] The JCPenney building was purchased by a subsidiary of the mall's new owners for $5.2 million and has been leased to the Medical University of South Carolina for a 20-year lease.