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JCPenney is closing eight stores and firing 470 employees, CNBC reports.
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 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.
JCPenney announced in February plans to close two distribution facilities and 138 department stores this year to redirect resources in higher-performing locations and initiatives.
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
Research published by global retail analyst IHL Group in 2019 suggests that the so-called retail apocalypse narrative was an exaggeration, with "more chains that are expanding their number of stores than closing stores.” [7] That year, retailers in the United States announced 9,302 store closings, a 59% jump from 2018, and the highest number ...
J.C. Penney (JCP) said it will close some of its department stores, call centers and outlet stores in a bid to cut costs. The struggling retailer will shut five department stores in locations ...
In April 2009, Macy's Furniture closed its Century III Mall location as a cost-cutting measure. [4] Just prior to the closing, the fountain near the food court was drained and filled with mulch. In 2010, La Hacienda opened in the former Ruby Tuesday space, but it closed and was eventually replaced with Old Mexico Restaurant in 2015. Also during ...