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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 isn’t the only major retailer that’s announced a handful of store closures. Last year. Big Lots announced it was closing more than 300 stores across the U.S.
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 ...
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 ]
Foley's became Macy's in 2006. Steve & Barry’s closed in 2009 due to bankruptcy. Macy's closed in 2016; Dillard's had a store that moved across the mall to the former Macy's space in 2017. [4] JCPenney closed in March 2021 as part of a plan to close 15 stores nationwide. [5] Premiere Cinemas closed on December 25, 2022.
JCPenney announced plans to close more than 200 locations across the country after the retailer filed for Chapter 11 bankruptcy protection in May 2020. The chain was later acquired by Simon ...
Ridgmar Mall is an enclosed shopping mall in Fort Worth, Texas.It opened in 1976 at 1888 Green Oaks Road and Interstate 30.It is owned by GK Real Estate, Inc. It includes four anchor stores – Dillard's Clearance Center, JCPenney, Rave Cinemas and Free Up Storage – with two vacant anchors last occupied by Sears and Neiman Marcus.
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