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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.
JCPenney is preparing to close multiple stores in eight different states.. The company confirmed that stores will be shutting their doors this year in a statement shared with The Independent on ...
JCPenney will close eight locations this year, a company spokesperson said, adding to the list of more than 200 closures since the company filed for bankruptcy five years ago.. JCPenney announced ...
[256] 53 more stores were added to the closing list in April 2024. [257] Additional closures continued, nearly fully eradicating the pharmacy's presence in Michigan and Ohio. [258] In September 2024, Rite Aid emerged from bankruptcy as a privately-owned company. [259] Rockport filed for bankruptcy in May 2018. The company that bought the ...
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]
The two companies both shared store closure announcements this week, with JCPenney expected to close a "handful" by mid-2025 and Joann to shutter roughly 500 locations. The retailers join other ...
JCPenney closed in March 2021 as part of a plan to close 15 stores nationwide. [5] Premiere Cinemas closed on December 25, 2022. After the closure of JCPenney, Dillard's was the only anchor store left until 2023, when Floor & Decor opened in the former JCPenney building.
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