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J. C. Penney building in Anchorage. The J. C. Penney Store in Anchorage, Alaska is a department store and part of the United States retail chain J. C. Penney.The store was established in 1962 on Fifth Avenue in downtown Anchorage, making J. C. Penney one of the first national retailers to establish a presence in the state following Alaska's admission to the union as the 49th state in 1959.
Anchorage 5th Avenue Mall is a 447,000 square feet (41,500 m 2) regional shopping mall located in Downtown Anchorage, Alaska, United States. It has five levels with the only JCPenney store in Alaska as its sole anchor. [4] It also has Alaska's only Victoria's Secret, Apple Store, Coach, and Michael Kors locations.
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.
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 ]
Feb. 21—Retail giant Costco plans to open an appliance and furniture showroom in Anchorage near its warehouse off Dimond Boulevard, according to a representative with Costco working on the project.
Aug. 21—Open & Shut is an ongoing series looking at the comings and goings of businesses in Southcentral Alaska. If you know of a business opening or closing in the area, send a note to reporter ...