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Why Is JCPenney Closing More Stores? JCPenney filed for bankruptcy back in 2020. Since then, about 240 of its stores have closed. Right now, there’s about 650 locations left in the U.S.
A "handful" of JCPenney locations are soon to be closing, a company spokesperson said, adding to the retailer's long list of shuttered stores since it filed for bankruptcy in 2020.
This article originally appeared on USA TODAY: JCPenney is closing 8 locations by mid-2025. See the list. Show comments. Advertisement. Advertisement. In Other News. Entertainment. Entertainment.
On June 4, 2020, it was announced that JCPenney would be closing as part of a plan to close 154 stores nationwide. However, as of August 2020, this store has been removed from the closing list and will stay open for now.
On June 4, 2020, it was announced that JCPenney would be closing around October 2020 as part of a plan to close 154 stores nationwide. [7] When JCPenney closed, the mall no longer had a traditional anchor store left. Cinemark Theatres is the largest current tenant. The mall is expected to be redeveloped in the future, with the Village of ...
At this time the mall's Baskin-Robbins store closed and converted to "Pap Pap's" Ice Cream after the owner said he could no longer afford franchise fees. [4] Plans were announced in 2004 to convert the mall into a more traditional shopping plaza, retaining anchors Staples, JCPenney, and Toys R Us and adding an 88,000 sq ft space for a new anchor.
After filing for bankruptcy protections in 2020, JCPenney closed more than 200 stores. Last month, JCPenney announced it had partnered with Forever 21 to create a new company called Catalyst Brands.
The store closed on March 19, 2017. [7] Later in June 2021, Sears announced that it would close its store at Westland Center, then the last remaining Sears store in Michigan. The store closed permanently on August 15, 2021, leaving JCPenney and Kohl's as the only remaining anchors.
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