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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.
JCPenney is closing eight stores and firing 470 employees, CNBC reports.
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
JCPenney still occupied the site in August, prompting Butterfli Holdings to announce its intent to sue JCPenney for refusal to vacate the property. In January 2024, JCPenney announced it would close at the Shenango Valley Mall in May. [52] [53] JCPenney closed on May 5, 2024. [54]
On June 29, 2023, it was announced Christmas Tree Shops would be shuttering after finding itself unable to satisfy their long-term established debt due to ongoing supply chain shortages. The store closed that August, which left JCPenney as the only anchor left. [12] On February 9, 2024, it was announced that JCPenney would close in late spring.
On February 28, 2019, it was announced that JCPenney would be closing as part of a plan to close 27 stores in the U.S.; the store closed on July 5, 2019. [39] On June 5, 2019, Gaithersburg City Councilmember Ryan Spiegel tweeted that Lord & Taylor was planning to close. The store closed on September 15, 2019, as scheduled.
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JCPenney announced in February 2017 that it would close 138 stores in 2017. Liquidation sales began on May 22, and the stores closed by July 31. [ 166 ] Another 8 stores and a distribution center closed in 2018 while over 50 additional stores were expected to close between mid-2019 and late 2020.