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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.
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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.
Closed the majority of its retail stores in 2021 mainly due to the COVID-19 pandemic, with merchandise moved online and to department stores such as Target and JCPenney. [57] Edison Brothers Stores – operator of numerous shoe and clothing chains, including Bakers Shoes, Wild Pair, J. Riggings, Oaktree, Foxmoor and Fashion Conspiracy. Company ...
Exterior of the JCPenney store at the Stonebriar Centre in Frisco, Texas (2013) JCPenney headquarters in Plano, Texas (2014) In 2010, Vornado Realty Trust acquired a 9.9% stake in JCPenney but sold it in 2013 for $13.00 per share. [37] On January 24, 2011, JCPenney shut down its catalog business and 19 outlet stores. [38]
In January 2015, it was announced the JCPenney store was closing in April as part of a plan to close 39 stores nationwide. As a result, the mall announced plans to demolish the former JCPenney and replace it with new retail space and a movie theater. [16] The interior of the mall closed on July 1, 2015, with Sears and Boscov's remaining open. [6]
JCPenney will close eight locations this year, a company spokesperson said, adding to the list of more than 200 closures since the company filed for bankruptcy five years ago.. JCPenney announced ...
Woodbridge Center is a major two-level shopping mall located in Woodbridge Township, in the U.S. state of New Jersey, at the intersection of U.S. Route 1 and U.S. Route 9.As of 2025, Woodbridge Center features a variety of retail stores, including Macy's, Boscov's, JCPenney, and Dick’s Sporting Goods as anchor stores.
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