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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]
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.
The store closed in September 2019. On May 13, 2021, a COVID-19 vaccination clinic opened in the former Sears building. On January 9, 2025, it was announced that Macy's would be closing as part of a plan to close 66 stores nationwide. The store will close in March 2025, leaving Boscov's as the only department store. [33]
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On January 16, 2020, it was announced that the Chapel Hill JCPenney would close on April 24, 2020 as part of a plan to close six stores nationwide, leaving the mall with no remaining anchors. [30] It remained open through the initial closing date, but on June 17 it was included in an updated list of 136 stores closing. [ 31 ]
For the fourth quarter, it predicted comps to advance in the high single digits to low double digits, plus diluted earnings per share in the range of $1.00 to $1.10.