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On February 28, JCPenney announced its intent to close 27 stores in 2019, including 18 full-line department stores and nine home-and-furniture stores. The closure announcement was paired with news that the retailer had suffered a 4% decline in same-store sales during the 2018 holiday quarter. [67]
Party City closed 45 of its 870 stores in 2019, up from its usual 10 to 15 closures each year. [230] On January 18, 2023, Party City filed for Chapter 11 bankruptcy, [231] and a month afterward, announced the closure of 22 stores. An additional 9 stores were added to the closing list in April as well as 4 more locations in May. [232]
Research published by global retail analyst IHL Group in 2019 suggests that the so-called retail apocalypse narrative was an exaggeration, with "more chains that are expanding their number of stores than closing stores.” [7] That year, retailers in the United States announced 9,302 store closings, a 59% jump from 2018, and the highest number ...
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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The store closed in October 2019. [5] On June 4, 2020, JCPenney announced that this location would close as part of a plan to close 154 stores nationwide, leaving Belk and Bealls as the only anchor stores in the mall. There is also a Planet Fitness and a smoothie vendor. [6] During the COVID-19 pandemic, the former JCPenney location became a ...
It remained open through the initial closing date, but on June 17 it was included in an updated list of 136 stores closing. [31] The JCPenney store officially closed in July 2020. On March 16, 2021, Industrial Commercial Properties purchased the Chapel Hill property [32] for $7 million, of which $844,085.24 went to the County to pay off ...