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JCPenney is closing eight stores and firing 470 employees, CNBC reports.
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
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.
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JCPenney announced in February plans to close two distribution facilities and 138 department stores this year to redirect resources in higher-performing locations and initiatives.
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.
J.C. Penney (JCP) said it will close some of its department stores, call centers and outlet stores in a bid to cut costs. The struggling retailer will shut five department stores in locations ...
JCPenney closed in February 2007 [6] and relocated to the defunct Foundry shopping center less than a mile away in March 2007; however, due to ground settling problems at the aforementioned retail complex and financial difficulties with the property owner, JCPenney moved back to the Washington Mall in mid-September 2008.